As with owning a car, you are legally required to take out certain insurances when running a business. If you don’t you can be fined heavily and could put your entire operation at risk. It’s also sensible to have some of the many optional business insurance policies available to cushion you from nasty shocks.
With dozens of different types of insurance cover available for businesses, here’s ByteStart’s review of the main insurances that businesses ‘must have’, some insurance cover you ‘should have’, and several ‘could have’ policies. (more…)
2.1 million businesses are run from home according to research and 60% of new businesses are started at home – that’s 1,400 a week.
It’s no wonder really. Starting a new business can be costly, but when you launch it from home you immediately remove a large layer of cost and risk. You can use existing rooms, computer, electricity, phone and internet access.
One thing that many people don’t think about with their home-based venture is insurance. Existing house insurance policies are designed to cover domestic arrangements, and may actually be invalidated by you working at home.