Many home-based gift basket businesses assume their business is covered under their homeowner's policy. A homeowner's policy insures a residence and property related to normal residential living. Although the business is home-based, the policy coverage does not extend to the business.

Insurance policies exclusively for businesses cover property loss and liability. Property loss is any damage that occurs to the structure where the business is located. Liability insures you against the public and people coming to your home for business related reasons.

Tags: gift basket business

Labels: gift basket business