Yes, however you may not need a standalone commercial policy. Many home-based businesses can obtain appropriate coverage through personal insurance providers. By consulting with a knowledgeable broker, you can find insurance options that include home industry contents such as furniture, equipment, stock, sample books, swatches, hardware, and tools of the trade, often at little to no extra cost.
Coverage limits vary between insurers, ranging from R25 000 to R250 000 for home-based business contents. Personal insurers typically cover businesses such as:
- Real Estate Agents
- Photographers
- Web and App Developers
- Architects and Graphic Designers
- Insurance Brokers and other Financial Services Providers
- Attorneys
For businesses involving higher risk activities like manufacturing, storage, high-value machinery, labor-based employees, vehicles, or retail selling (with frequent customer visits), a comprehensive commercial policy is necessary. This would include coverage for Fire, Accidental Damage, Public Legal Liability, Defective Products, etc.
If you are unsure about the type of business insurance you need or would like a quote for personal household coverage with extensions for your home-based business, please contact us anytime.
Visit us at: www.finesseinsurance.co.za
Email: covered@finesseinsurance.co.za
