There are several home based business owners who are reliant only on the Homeowners Insurance for protecting their respective home based businesses.
This is considered to be a safe move by many and hence is the most common method undertaken for securing a business.
However, many are oblivious to the fact that these homeowners policies do not incorporate the liability coverage that is must for the business-related activity.
It would always be wise to evaluate your situation before you insure your business.
Verify the respective homeowners policy before finalizing it, to deduce any limitations on the business belongings and activities within the home that could eventually lead to its violation.
Due consideration should also be given to finding the most fitting coverage that would be adequate for your home based business.
For this you will have to take into account your equipment and also make comprehensive valuations and estimates and remember that assuming your policy covers everything is not a wise move.
Always, and that means always, confirm the finer print and in particular demand the kind of coverage that you think is the most suitable to your respective business.
Before any of the above measures are carried out I would personally recommend that protective maintenance should be practiced.
For example, to guarantee the proper usage of your tools when you need them the most, get them double checked by a professional electrician or expert.
Investing in good coded locks, first aid kits and fire extinguishers would also be a great idea.
Right now, most of these propositions may seem like massive investments to you but in reality they are one time deals that will certainly go a long way into ensuring your safety and peace of mind.
It depends whether you belong to the category that would rather be safe than sorry or the category that takes excessive risks.