For many Canadian entrepreneurs, one of the first major decisions is where to run your business—from home or in a leased commercial space. Both options come with distinct insurance and risk considerations.

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⚡ Home-Based Business

• Coverage Needs 🛡️: Standard home insurance typically won’t fully cover business operations. A home-based business endorsement can extend protection for equipment, inventory, and limited liability.
• Best For 👩‍💻: Freelancers, consultants, online businesses, or small-scale operations without significant foot traffic.
• Pros ✅: Lower overhead costs, flexibility, and convenience.
• Cons ⚠️: Limited coverage, restrictions on high-value equipment or inventory, and potential zoning bylaw limitations.

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🏢 Leased Commercial Space

• Coverage Needs 🛡️: Requires a separate commercial policy covering property, liability, business interruption, and sometimes lease obligations.
• Best For 👷: Businesses with employees, clients visiting on-site, or those needing significant space for inventory or equipment.
• Pros ✅: Broader insurance options, professional presence, scalability, and clear separation between business and personal life.
• Cons ⚠️: Higher costs—including rent, utilities, and insurance—and longer-term commitments.

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📌 Why It Matters in BC & Across Canada

Your business location affects not only your budget but also your insurance protection and liability exposure. While home-based endorsements may suit startups, a commercial policy often becomes essential as your business grows.

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✅ The Takeaway

Choose a business location that aligns with your growth plans—and ensure your insurance matches the risks.

👉 Are you properly covered where you work?

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