More and more British Columbians are running businesses from their homes—whether consulting, e-commerce, or trades. But here’s the key question: does your home insurance cover your business activities? The answer is usually no—at least not completely. That’s why it’s essential to understand the difference between adding a home-based business endorsement and purchasing a separate commercial policy.

⚡ Home-Based Business Endorsement

• An add-on to your existing home insurance policy.
• Provides limited coverage for business equipment such as computers, printers, or tools.
• May include small amounts of liability protection for business-related visitors.
• Best suited for low-risk, small-scale operations like tutoring, freelancing, or home offices.

🏢 Separate Commercial Policy

• A standalone business insurance policy tailored to your operations.
• Covers higher-value equipment, inventory, and broader liability risks.
• Can include business interruption coverage, product liability, cyber protection, and more.
• Essential for businesses that have clients on-site, employ staff, or generate significant revenue.

📌 Why It Matters in BC

If a customer slips on your property during a meeting or your home office equipment is stolen, a standard home policy won’t cover it. Choosing the right insurance ensures both your personal and business assets are properly protected.

✅ The Takeaway

A home-based business endorsement can work for side hustles or small ventures, but as your business grows or risk increases, a separate commercial policy becomes essential for full protection.

👉 Have you reviewed how your business is covered?

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