Running a business from home offers freedom, flexibility, and lower overhead—but it also brings unique risks that many entrepreneurs overlook. As your side hustle turns into a full-time gig or your Etsy store gains traction, you’ll want to make sure your insurance grows with your business. That starts with understanding what your homeowners policy covers—and what it doesn’t.
If you’re looking for Home Owners Insurance Albuquerque NM residents trust, ABQ Insurance can help you make sure your home and your business are protected.
What Your Homeowners Policy Likely Doesn’t Cover
Many home-based business owners assume their homeowners insurance automatically protects their business operations. Unfortunately, most standard policies specifically exclude coverage for business-related equipment, inventory, and liability tied to clients or commercial activity.
If you store products, use specialized equipment, or have clients visiting your home, these exclusions could leave you vulnerable in the event of theft, damage, or a lawsuit.
Coverage Gaps to Watch For
As your business grows, it’s important to assess the following risk areas:
Business Property: Standard homeowners policies often cap business property coverage at just $2,500 (or less), and it might not cover inventory at all.
Client Liability: If a client trips on your front porch while picking up an order or attending a meeting, you could be held liable—and your homeowners policy may deny the claim.
Professional Liability: If your services result in financial loss for a client, you may need professional liability insurance to protect yourself from legal action.
Loss of Income: If a fire or storm damages your workspace, causing your business to shut down temporarily, a homeowners policy won’t reimburse lost income without specific endorsements.
Insurance Options for Home-Based Businesses
Here are some smart ways to expand your protection as your business scales:
Business Endorsement: You may be able to add a home business endorsement to your existing homeowners insurance, which boosts your coverage for business property and liability.
In-Home Business Policy: Offers broader protection, typically covering equipment, inventory, and even lost income.
Commercial Insurance: For larger or higher-risk home businesses, a full business owners policy (BOP) may be the best option.
Let ABQ Insurance Help You Grow Safely
At ABQ Insurance, we help business owners throughout Albuquerque understand their risks and choose the right coverage—without overpaying. Whether you’re launching a consulting firm, selling handmade goods online, or offering salon services from your converted garage, we’ll guide you through your options and help you find affordable, tailored protection.
Looking for Home Owners Insurance Albuquerque NM entrepreneurs can count on? Reach out to ABQ Insurance today and let’s talk about smart coverage for your business and your home. 505-217-2100
