As digital technologies and evolving societal expectations change how people earn a living, an increasing number of people are choosing to work from home.
The decision can be a productive, rejuvenating and liberating one. However, if you’re a newly home-based worker who believes they’re now free of responsibilities, you may want to think again.
Home workers are responsible for making sure that their home office tools are safe and adequately insured, as these items may not be covered by standard contents insurance policies.
What Does My Home Insurance Already Cover?
Typically, a home contents insurance package will cover most of your standard household items such as TVs, furniture, laptops, carpets, clothes, and ornaments. For anyone with a home office, some insurers will agree to protect up to £5,000 of office equipment as part of a standard deal.
However, it is important to be aware that standard policies may not cover specialist items such as photocopiers or high-tech audio-visual tools that you need for your job. In this way, it may be a good idea to supplement your standard insurance package with a policy that covers business-specific equipment. Opting for this kind of cover may even protect your portable items (such as a laptop) when you take them out of the home.
How Much Cover Do I Need?
Before jumping in and purchasing additional cover, you need to work out exactly how much all of your office equipment is worth. Under-insuring your gear could mean that you end up losing out if you need to make a claim. Equally, over-insuring your home could mean that you end up paying a higher premium than necessary.
To avoid losing money, remember to always retain receipts for office items as proof of purchase. Additionally, remember to be completely honest with insurers about how much office items cost to avoid issues when it comes to making a claim.
What Should I Look For In A Policy?
Ultimately, choosing the right home insurance for you comes down to the level of coverage you need and how much you are willing to pay. Some policies may also include enticing perks such as a 24-hour emergency advice helpline, for example.
It is also worth considering whether you need any other types of insurance related to home working. For example, if you require people to visit your home for business purposes, you may wish to purchase public liability insurance. Whilst not compulsory, this will protect you from any loss or damage caused by claims made by people who have visited your home for business purposes.
If you hire employees, you may also be obliged to obtain an employers’ liability policy. It may also be necessary to purchase new car insurance or van insurance if you use a vehicle related to your work.
Choose Crowthorne Insurance For Your Home Insurance Needs
If you’re a home-based worker looking to take out a new insurance policy, get in touch with Crowthorne Insurance today.
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