Side Hustles and Home Businesses: Are You Covered for Liability?

Home-based entrepreneurs and freelancers in Indiana may not be aware that personal insurance policies often exclude business-related risks. Latina Insurance Services, LLC is here to help you understand potential liability exposures and find appropriate coverage for your business venture.

Liability Risks for Home-Based Businesses

Business activities can create exposure to liability, whether you’re selling handmade crafts online, offering consulting services or operating a small catering setup from your kitchen. Common risks include:

• Injuries to clients or delivery personnel on your property
• Damage to a client’s property during a service visit
• Allegations of professional mistakes or service errors
• Product-related claims if an item you sell causes injury or damage

Why Business Insurance Matters

Business insurance can help address coverage gaps left by personal policies. Based on your type of operation, coverage options may include:

• General liability insurance for third-party bodily injury or property damage claims
• Professional liability insurance for claims related to errors, omissions or negligence related to your services
• Commercial property insurance for losses involving your buildings, equipment and other physical assets
• Product liability insurance for claims related to third-party injuries or damage caused by products your business manufactures, sells or distributes
• Business interruption insurance for covering lost wages and ongoing expenses if a covered event temporarily halts your operations

Be sure to review state and local requirements, as certain professions or business categories must carry specific insurance to remain compliant.

Get Covered Today

If you’re uncertain about how your side hustle or home business in Indianapolis, IN is covered, Latina Insurance Services, LLC can help. Contact us today to explore your business insurance options.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.