In recent years, the separation between work and home has blurred as many people work from home full—or part-time and run various home-based businesses. These changes can affect who enters the home, what they do there, and the assets kept at home, all of which have implications for home insurance coverage. If you live in the West Altoona, PA, area, consider the H. Dean Allison Insurance team to create your home and business insurance plan.<\/p>\n
There are many types of home-based businesses. However, almost everyone needs office electronics, furniture, and many store tools, supplies, or inventory. The value of these materials tends to grow with your business, making protecting those assets increasingly important.<\/p>\n
The purpose of home insurance is the protection of personal assets rather than business assets. Most home policies provide $2,500 in business asset coverage, so if your business assets exceed $2,500, you need commercial insurance to safeguard those assets.<\/p>\n
Small home businesses can use a business property endorsement, which often doubles the business asset coverage to $5,000. Those with more business assets and those needing professional, business liability, or other commercial insurance must take additional steps.<\/p>\n
One option, in-home business insurance, can include property, liability, and other commercial insurance elements suitable for companies with less than $250,000 in revenue.<\/p>\n
A Business Owner’s Policy (BOP) is valuable for businesses with $250,000 or more in revenue. It packages sophisticated commercial insurance elements and can include Workers’ Compensation and liability coverage.<\/p>\n
The H. Dean Allison Insurance team serves homeowners and businesses in the Altoona, PA area. We can help create a home, business, or combined insurance plan that meets your needs. Call (814) 941-0675 today to schedule an appointment or stop by the office.<\/p>\n","protected":false},"excerpt":{"rendered":"
In recent years, the separation between work and home has blurred as many people work from home full—or part-time and run various home-based businesses. These changes can affect who enters the home, what they do there, and the assets kept at home, all of which have implications for home insurance coverage. If you live in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[7,8,11],"class_list":["post-58","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-altoona-pa","tag-h-dean-allison-insurance","tag-home-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t