The Partnership for New York interviewed thousands of employers to find out that about one in ten employees in the Bronx work entirely at home. Over 60,000 people in the Bronx work at home for outside employers. Add to that the thousands of caterers, web designers, salespeople, interior decorators, and other professionals who work from their home offices, and that’s a lot of home offices to ensure.

Here are the five home insurance issues L M Insurance & Financial Services LLC most frequently encounters while serving Bronx, NY.

• Most homeowner and renter policies don’t cover everything in the home office. Technology, files, and commercial equipment are often excluded.
• Homeowner policies don’t cover personal injuries incurred when a customer visits your home. General liability or business liability policies will.
• Homeowner policies don’t cover data breaches. You can incur huge expenses when your computer is hacked. You can be liable for breaches of customer information, like addresses and credit card numbers. L M Insurance & Financial Services LLC can write cybersecurity insurance for the greater Bronx, NY, area.
• Homeowner policies don’t cover loss of income. Business continuity insurance can help you stay afloat after a fire, a break-in, or a cyberattack.
• Homeowner policies don’t cover employment practice claims. We can insure you against claims for unlawful employment practices. We can also write liability insurance to cover the actions of your employees when they are working for you.

Who needs home office insurance the most? 

Anyone who works at home needs, a minimum, coverage for computer equipment and hack attacks. Anyone with a home studio with expensive equipment needs additional property insurance, and anyone who deals with the public needs liability insurance.

Let L M Insurance & Financial Services LLC assess your business insurance needs. If you are in the Bronx, NY, or nearby, make your appointment with us today.