If you run your business from your home, it’s important not to assume your personal household insurance will cover you.
Typically, home and contents insurance policies, or your business insurance, will cover business equipment in your home.
But there’s a difference between being covered if you occasionally work from home, and running a business from home.
If you work from home, make sure your insurer understands this and check the terms and conditions to see if you might need any extra cover.
This is because if you’re running a business or working from home, your insurer might change the way it assesses your cover.
If you’re setting up your business from home, the best thing to do first is to talk to your current insurer and explain your plans.
They might ask for an additional premium on your current insurance.
If you don’t tell your insurers and you need to make a claim, you might find that your insurance is invalid and the claim won’t be paid.