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Do You Need Insurance For Your Home-Based Business?

There are many reasons that lead people to make the decision to run a business out of their home, but it usually comes down to just two things - time and money.  Some people choose to operate a home-based business because it is cost effective since you don’t have to commute and pay for gas, plus you can save a lot of money on overhead costs like office space rental and office furniture. For other business entrepreneurs, having flexibility around their working hours and not having to hear the noise and distraction of an office setting is the reason they run their business from home. But what about insurance for your home-based business? Are you not covered under your home insurance policy and do you need to disclose your home-based business to your insurance broker? In this blog we will answer the question whether your home-based business needs business insurance in Canada?