Working from home is becoming more common, especially with positions that can be completed virtually. Business owners choose to work from a home office because it saves them money. By operating a business from a home office, there is no need for an outside office. Employees who work virtually still fall under the umbrella of their employer when it comes to certain types of insurance.
Work from Home Insurance
Work from home insurance falls under two main categories. If you are self-employed, it is your responsibility to carry insurance that protects your property, your employees, and your liability obligations. If you are employed through a company, it may be in your best interest to contact your employer and find out what insurance options they have available for you to utilize.
Independent Contractor vs. Work from Home
An independent contractor has to designate an area of their home for work purposes. When it comes to your insurance, this area is covered separately through a specific policy. If your company has employees, benefits packages should also be considered. Employees who are working from home may still have to carry some form of business insurance, but they may also be covered by their employer.
Assets and Liability
Whether you work for yourself or for a third party, you may still want to learn more about a company’s insurance policy and how it can be used to protect the tools and equipment you use while performing your duties. Having the right type of policy in place will protect you from financial loss and make sure you can continue to work even if the unthinkable happens.
It’s essential to learn about the insurance policy when you are working from home. Contact the experts at The Reardon Agency today to find out what policies will work best for your particular situation. You will get the answers you need and the peace of mind to work from home and be as productive as possible.
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