Home business insurance throughout Ireland
Technological developments combined with ever-changing economic and social conditions have seen a recent rise in the number of businesses being run from homes. Whether you’re a self-employed sole trader, or you have employees working in your home office with you, running a business from your house offers greater flexibility and makes better financial sense than renting office space as there are fewer overheads and home based business insurance premiums are also classed as one of your tax-deductible expenses.
If you run a business from home, specialist home business insurance is essential for ensuring that you are covered for the contents of your office and any loss of money, as well as public liability, and employer’s liability if you have staff working for you. If you’re running a business from your dwelling you should already have standard home insurance; however, this won’t cover you in the same way as a business insurance policy tailored to your personal needs.
In some cases, insurers offer limited cover for business activity from your home. The nature of your business may mean that some insurers are less inclined to cover you, or will charge higher premiums. Business activities such as traditional office-based business, hobbies and crafts, and sales reps are typically favoured over activities including the retail of products, woodworking, and vehicle repair.
If your home is also the home of your business activities, you certainly want assurances that it’s properly insured. As specialist brokers, Top Insure have access to a range of insurers who offer enhanced home insurance policies that will cover you for business activities at your dwelling.
As a result, homeowners can carry out commercial activity in their home. In effect, this policy is the best of both worlds; on the one hand, you have all the benefits of a standard home insurance policy, whilst on the other hand, your home business also has many benefits of commercial insurance.
We cover many types of businesses like home salons, hairdressers as well as general office use; so whether you are planning to start a business from home, or you’re already running a business and unsure about your current cover, contact us for top advice today.