Running a home-based business can be a great way to provide extra income for your family. Did you know that many large and successful companies started as businesses in homes and garages?
Most home-based businesses do not have the same risks as other businesses, including buildings, employees, production machinery, and a fleet of vehicles. However, home-based companies do have many risks that need to be considered.
A customer or client entering your home-based business may slip and fall while visiting and sues you.
• Your employee is injured at your home.
• A fire destroys your inventory and other business property valued over $2,500.
• Your business equipment or property is stolen from your vehicle.
• You damage a third party’s property.
• The product you are selling causes damage or loss to your customer.
• You provide the wrong advice, and your client suffers a loss.
What Kind of Insurance Does a Home Based Business Need?
• General Liability Insurance (including premises liability)
• Products and Completed Operations
• Professional (E & O) Liability
• Business Personal Property
• Business Income
• Business Auto
• Commercial Umbrella
Most Homeowner’s insurance policies exclude most home-based business operations. The good news is that a home-based business insurance policy can be very reasonably priced.
Insurance for small businesses provides protection and peace of mind in case of an injury, damage, or lawsuit. Small business insurance can also protect important assets that you have worked long and hard to acquire, such as your home and family savings, from being included in any litigation damages.
Mid States Insurance Agency has two separate and distinctive departments with separate goals:
We are a full service independent insurance agency with the ability to help with all lines of insurance from personal auto, home, umbrella, boat, motorcycle, life and health, to the business owner with complex needs. We represent many of the TOP insurance carriers and are available to listen, learn and guide you though your insurance needs. We will take a comprehensive approach to your insurance that considers the best balance of coverage and cost. We are proud to be licensed in Illinois, Kansas, and Missouri.
We also have a second division that is focused on providing perpetuation solutions as well as back room support to existing agencies. We help an agent do what they do best, sell insurance and leave the rest to us. We are actively looking for agencies looking to partner and secure the perpetuation of their life time work. We can help them secure that the years of commitment to their agencies get the reward they deserve and will allow the agent to continue to work in the agency and remain a partner and protector of the customers they have worked so hard for over the years.
We concentrate on maximizing your agencies bottom line by consolidating services that are duplicated in every agency, providing superior service to the agent and customers allowing them to focus on the acquisition of new business knowing that they are our partners in the growth, sales, service and profitability!