Home-based Business Insurance
Insuring your business is more affordable than you think.
Home-Based Business Insurance in British Columbia
Simply put, a home-based business is one that is run from the insured’s home rather than at a formal off-site place of business such as an office. In order to qualify for this type of insurance, the primary use of the home must be for residential purposes but its secondary use can be for business purposes.
What is included in home-based business insurance coverage?
Home-based business insurance covers the things you need to run your business. Whether it’s your office contents, your general liability or items pertaining to legal expenses you may incur, our home-based insurance packages offer you peace of mind so you can focus on what’s most important—growing your business. A home-based business package offers a wide range of coverage options that are both flexible and affordable, including:
Home Office Contents
This provides protection for all your items and belongings used for business purposes out of your home
Commercial General Liability
This provides coverage for bodily injury and/or property damage, personal injury as well as tenants legal liability
Legal Expense Insurance
This covers costs associated with legal expenses coming from disbursements, court costs, witness fees, and adverse costs if a judge orders you to pay the other party’s legal fees.
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Examples of home-based businesses
Many people conduct business out of the home without realizing that they require insurance to do so. One common misconception is that a home/condo owner or renters policy will cover any home-based business activities. Unfortunately, this is not the case and losses that arise as a result of business operations are excluded in any residential insurance policy. A separate home-based business insurance policy should be purchased to cover losses as a result of business activities.
Our most common requests for home-based business insurance packages include the following:
At InsureBC, we're proud of the trust our clients place in us. See what they have to say about their experiences working with our team of expert insurance brokers.
InsureBC helped me choose the right policy for my tech startup that covered all my needs. Their customer service was fantastic, and the process was easy and hassle-free.
As a small business owner, I was worried about the risks that come with running a business. InsureBC made it easy for me to get the coverage I needed and their customer service was excellent. They helped me find the right policy for my business and were always available to answer any questions I had
We needed a policy that would protect us from any potential lawsuits. InsureBC provided us with the coverage we needed and their customer service was exceptional. They helped us understand the complexities of insurance and made sure we had the right coverage for our practice
Second time now being helped with commercial liability insurance. Both times they were very helpful and very attentive to my requests. Highly recommend. Excellent service!
Frequently asked Questions
How much does home-based business insurance cost in BC?
Home-based business insurance is much more affordable than most small (home-based) business owners think. Depending on the nature of your business, how much equipment you have at home that is used for business purposes and how much revenue you anticipate generating, a home-based business insurance policy will only set you back as little as$50-75 monthly.
What types of Home-Based Business Insurance policies are available?
We offer a range of home-based business insurance policies, including Liability, Property and Business Interruption coverage.
What type of businesses qualify for Home Based Business Insurance in BC?
Any type of business operating out of a residential property may be eligible for a Home Based Business (HBB) policy with InsureBC as long as they meet certain criteria such as gross annual revenue thresholds and having fewer than 10 employees working at the premises on any given day. Home-based business insurance covers the things you need to run your business. Whether it’s your office contents, your general liability or items pertaining to legal expenses you may incur, our home-based insurance packages offer you peace of mind so you can focus on what’s most important—growing your business.
What if I need to make changes to my policy?
Changes can be made to your Home Based Business insurance policy at any time by contacting your InsureBC broker. Your broker can help you to make the necessary adjustments or explain any available options.
Is it possible to purchase Home Based Business Insurance online?
Yes, this policy can be purchased online in a matter of minutes!
Are there any special endorsements available for Home-Based Business Insurance?
Yes, we offer additional coverage for Home-Based Business policies such as Professional Liability and Cyber Liability Insurance. These endorsements help to provide tailored protection for your specific business operations.
Do I need to purchase separate liability insurance for my home office or workplace?
Yes, it is important to ensure that your personal Homeowner’s policy does not provide the required protection. A dedicated Home-Based Business insurance policy from InsureBC provides tailored protection for your unique needs.
Looking to File a Claim?
Our dedicated claims department is committed to making the claims process as smooth and stress-free as possible. Whether you need to file a claim for your home, vehicle, or business, we have the expertise to guide you through the process.