The level of working from home insurance you require is highly specific and is likely to change as your business grows. It’s essential that you know exactly what’s covered and notify your insurer of any changes.
“Most household insurance policies don’t exclude you from running a business from your home, but there are limits to the kinds of activities your business can perform and still remain protected,” says Nationwide Product Manager Darren Black.
“There are various risks associated with different businesses,” he notes. For example, if you use your house as a dog grooming parlour, the risk of damage to carpets, wooden floors and furniture is greater than if you run a beauty salon from home.
“Insurers need to know what kind of work you are doing at home as there will be related factors that affect your home insurance,” says Black.
Specialist homeworking insurance might not always be necessary and you may find that you are already covered by your ordinary contents insurance or buildings insurance. Certain practices won’t impact on your policy, such as working from home for your employer on Fridays.
Running a business from home needn’t cause issues for your home insurance cover, but it is important to understand where they can arise.