The fancy word is telecommuting, but most of us call it working from home. Telecommuting is booming after the coronavirus pandemic with no signs of stopping. Additionally, many small business owners operate their business out of their home. Do you see where we’re going here? Obviously there are insurance considerations to be made when you work from home, so let’s break it down for you!
Wondering “Why is this Important?” Think About This.
Once you start peeling back what happens at home during office hours, it’s easy to see why insurance needs to be part of the conversation. What if your work laptop or other business equipment is in a house fire? Could you possibly sustain a work-related injury at home? Are work-related deliveries made to your home? Full-time employees may be covered by their employer’s insurance when business-related losses occur. However, it’s important to know that for certain, and for how much. You never know, you may need additional coverage from your home or renters policy.
Questions to Ask Your Employer
First thing’s first: talk to your employer to find out what additional insurance coverages you may need. For instance, ask them:
- Am I hired as a remote employee for this company?
- What work equipment will I be using daily?
- Will you provide the work equipment?
- Am I working with highly sensitive data in this position?
- Will customers come to my home?
Circle Back with an Insurance Agent
Now that you know your work situation, it’s time to start thinking about the additional coverages you will need. Your Cincinnatus Insurance advisor is your best resource because our agency is appointed with over 10 carriers in the preferred insurance market. We know the ins and outs of every carrier, including what is covered and what is not. Better yet, we also know endorsements we could possibly add to a policy to help prevent any financial disaster while you’re working from home. Lastly, we may recommend business insurance policies depending on what it is you’re doing. Keeping your agent in the loop is always the best choice, because we know insurance!