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1. How is the premium of a business owner policy calculated?
2. Does my homeowner insurance cover my business if my office is at home?Coverage will depend on the type of business you are operating as well as the coverage you have selected for your homeowner insurance policy. (Some insurance carrier offers home-based business coverage)
3. Does a business owner policy cover my company's cars?No, a stand-alone business owner policy will not extend liability coverage to your company vehicles. You will need to purchase an endorsement within your personal auto insurance or purchase a commercial auto policy to protect your company's vehicles.
4. Is business insurance required by law?Insurance required vary based on state's laws and regulations. It is a good idea to purchase business insurance to make sure that your business is protected if a litigation were to occur.