Insuring the Home-Based Business: Questions to Ask, Steps to Take

Overview

Studies show that most home-based businesses do not have proper insurance and rarely understand why they even need business insurance. One of an insurance agent’s primary responsibilities is to identify clients’ exposures to loss and determine how to properly cover them. This course presents a six-step approach that will help agents recognize home business exposures and understand how to handle them.

Learning Objectives

Students who successfully complete this course will be able to:

  • identify various loss exposures associated with home-based businesses
  • identify property and liability coverage limitations in homeowners policies
  • identify homeowners policy endorsements that address specific business exposures in the home involving teleworkers, landlords, incidental occupancies (such as offices, schools, and studios), day care providers, and farming

Designed for

Property and casualty insurance agents, brokers, and adjusters at any level in their career


International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

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