With the cost of goods on the rise, it's hard to know how much it will be to protect your home-based business. However, Florida commercial coverage can help insure your operation in no time. A trusted adviser will review your policy at no additional cost, making it easy.

What's better is a Florida independent insurance agent has access to multiple carriers, saving you time and premium dollars. They'll even do the shopping for free so that you can relax. Connect with a local expert to get started today.

What Is Home-Based Business Insurance? 

Your Florida home-based business can be insured in a couple of different ways. First, it's essential to know the basics. Check out common coverages your home business may need:

• Liability insurance: Pays for a lawsuit for bodily injury, property damage, or slander. 
• Equipment breakdown insurance: Pays for replacing or repairing business equipment damaged by a power surge, outage, and more.
• Business property insurance: Pays to replace or repair any business property damaged due to a covered peril. 
• Professional liability: Pays for legal fees when you're sued due to possible faulty professional services offered.

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More and more people are working from home, which mixes personal with business. You'll want to be sure you're fully protected when it comes to all your assets.

What Does Home Business Insurance Cover in Florida?

You'll have two options when it comes to insuring your home operation in Florida. Check out the choices below for your Florida home business:

• Homeowners policy coverage: If you simply do desk work from your home office and don't have any business property or any other risk exposures, then you may be able to extend coverage from your homeowners policy. This coverage will only give you your current liability limit, and that's pretty much it. 
• Separate business policy coverage: If you have a more robust business with equipment, inventory, business property, and more, you'll need separate business insurance. These policies may need to come from your same home insurance carrier, depending on their guidelines. The policies can include general liability, commercial auto, business property, equipment breakdown, professional liability, and more. 

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You might have noticed that office furniture is harder to come by as more people work from home. You'll want to account for your business property accordingly.

What Doesn't Home Business Insurance Cover in Florida?

Some losses will not be automatically covered under your home business insurance. It's important to know what exclusions may arise before a claim occurs. Typical policies will not include the following coverages without adding them individually:

• Inventory: If you have business inventory, your policy will not provide coverage for its replacement or repair. You will need a business property policy that endorses this protection.
• Business equipment breakdown: Equipment breakdown due to a power outage or more will not be covered under your home or standard business policies without manually adding it beforehand.
• Customers on premises: If you have customers showing up at your house to pick up an item or come inside for business purposes, your policy could exclude this. Most homeowners policies will prohibit this risk. Some business policies may pick up this exposure depending on what's involved. 
• Commercial auto: If you use your vehicle to run your business, you may need a commercial auto policy. This is separate insurance that will need to be quoted and is not automatically included.
• Professional liability: If you offer professional services like accounting, you'll need to have your own professional liability coverage for any poor advice or negligence that could occur. Your standard business insurance policies will not provide coverage for this type of lawsuit. 

How Much Is Home Business Insurance in Florida?

The average annual Florida home insurance premium is $1,951. However, if you have to add business protection to your homeowners policy, it will usually cost you. Anywhere from $200 to $1,000 is typical when it comes to adding coverage.

When you need to obtain a separate commercial policy altogether, things change. Your premiums will be more annually and normally start at a $500 minimum price tag.

How to Connect with a Florida Independent Insurance Agent

Your Florida home business will need protection, and there can be various ways to go about it. However, if you're not a licensed professional, you may not know where to start. In addition, it can be daunting separating your personal assets from your business assets when they're all under one roof.

Fortunately, a Florida independent insurance agent can help with affordable carrier options. They'll find a home and business policy that won't break the bank. Get connected with a local expert on TrustedChoice.com for free.