Home-Based Business Insurance Law and Legal Definition
A home based business provides opportunity for people to choose their own business, to work at their own phase and own schedule. Homeowner’s insurance is an insurance policy that combines insurance on the home, its contents, and, often, the other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home. However, homeowners’ insurance policies do not generally cover home-based business losses. Depending on risks to one’s business, the insured may add riders or additional items to be insured, to his or her homeowners' policy to cover normal business risks such as property damage.
Legal Definition list
Related Legal Terms
- Accelerated Life Insurance Benefits
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accommodation Line [Insurance]
- Accountants Professional Liability Insurance
- Accounts Receivable Insurance
- Actual Cash Value Insurance
- Actual Delivery of Insurance Policy
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
