Home business insurance explained
Whatever business you’re in, you work hard to provide the best service you can and that’s what your clients expect. But things don’t always go to plan. Hiscox home business insurance provides coverage for public liability risks, so if someone has an accident while visiting your home office, we’ll cover you. You’re also insured against issues with running your business like missed contractual obligations, damage to your business equipment, cyber threats and data loss.
Where home business insurance cover can help
Disagreements with clients
Running a business from home works in the same way as running it from anywhere else as far as your reputation and professional standards are concerned. If a client believes you’ve provided them with substandard products or incorrect advice and that they’ve suffered financial or reputational damage because of it, they may well decide to take legal action against you. If they do, home business insurance will be there to cover the costs of defending yourself and any compensation you might have to pay.
Injuries on your premises
These days many people work from home without ever meeting a client on their own premises, but other businesses depend on that one-to-one interaction. Whether you're a professional in sports massage, a music teacher or a counsellor, if you’re opening your door to members of the public and they hurt themselves stepping over your threshold, they could blame you and take legal action. Putting public liability insurance in place makes sure you’re protected.
Data falls into the wrong hands
If you use the internet in any capacity for your business, you’re likely to be dealing with bank details and your own private data, but you may hold information about your clients too. If you suffer an IT failure that data might be lost, which is annoying and disruptive, but if you fall prey to a cyber attack you could see sensitive data about clients who trust you being held to ransom. We’ll work to get it back safely and cover the costs of doing so.
If you’re not sure what you need, tell us a little more about your home business. We’ll help you to build your quote and explore any other insurance needs.Build my cover
Key types of insurance for home businesses
These are just some of the types of home business insurance that we can offer. We can provide other specific types of cover and build them into a policy that’s tailored to the exact needs of your business.Get your quote