Most home-based businesses start out small, bootstrapping as much as possible along the way. But it’s not a good idea to wait with purchasing business insurance until your business starts paying out large profits. Comaltex Insurance Agency Inc helps small business owners in New Braunfels, TX, find the right type of coverage. 

3 Signs You Need Business Insurance

You Have Valuable Inventory & Equipment

Your home insurance covers your personal belongings, but your inventory and business equipment are not included. In the case of theft or a fire, you lose everything you’ve worked so hard for. If you store business-related items in another location, such as a storage unit or your car, you still need to insure them separately from personal belongings.

Clients Come to Your Home

If a client or customer gets injured at your house, your business could end up getting sued. Business insurance doesn’t prevent lawsuits, but it reduces your financial risk. Having the right insurance coverage may also help you pay your legal expenses in that kind of situation.

You Store Customer Data at Home

Data breaches are so common that it isn’t surprising when they happen to large companies. If you store customer data at home, in paper or electronic format, it’s a good idea to purchase liability insurance for your business. Of course, you still need to do the best you can to protect it from a security breach to begin with, but business insurance is there to catch you when you fall.

Does your home-based business require business insurance? If you’re considering making this decision, give Comaltex Insurance Agency Inc a call at (830) 625-7511. Their staff is happy to walk you through their available policies to determine the right coverage for you. Visit the website to learn more about the different types of business insurance policies available.