Does Homeowners Insurance Cover My Work-From-Home Equipment? 

In the era of remote work, many people are transforming their homes into offices and even relocating their businesses entirely to residential properties.

This shift raises an important question: Does homeowners insurance cover business equipment used at home?

The answer is not straightforward and often depends on various factors. Express Insurance Services is here to provide guidance on a potentially complicated topic.

Homeowners Insurance and Business Work-From-Home Equipment

In some cases, homeowners insurance can provide limited coverage for business-related equipment.

If your laptop, printer or other office equipment is stolen or damaged by a covered peril, you might receive some compensation, but your policy might cover only a fraction of its value.

Why the Limited Coverage?

The coverage within many homeowners insurance policies is generally intended to provide financial protection for personal items rather than commercial assets. Some home insurance policies may exclude coverage for business-related assets and activities altogether.

Additionally, if clients or employees visit your home office, there’s a potential liability risk that a typical home policy may not cover.

Exploring Coverage for Work-from-Home Equipment Options

To ensure your work-from-home equipment is adequately covered, consider the following options:

• Endorsements—Although standard homeowners insurance policies are generally not sufficient for covering losses involving business assets, you may have the option of adding an endorsement to your coverage. For instance, increasing coverage limits for electronics or broadening liability protections may be possible.

• In-home business insurance—These policies may also provide ample financial protection for work-from-home assets, potentially covering them from various incidents, including fires, theft and water damage. Additionally, they may be more readily available than the aforementioned endorsements while not affecting the premiums of existing homeowners insurance.

• Business owners policy (BOP) insurance—If you own and operate your business out of your home, you might be interested in a BOP. These versatile and cost-effective arrangements are typically available to small- and medium-sized companies and may allow you to bundle several types of coverage, including business property insurance as well as general liability insurance.

We’re Here to Help

At Express Insurance Services, we understand the nuances and complexities that working from home may introduce to your coverage needs. Our dedicated and knowledgeable team is standing by to offer comprehensive guidance as you seek suitable insurance.

Visit our website or call 770-558-1391 to learn more about your options.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.