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    3 Cautionary Insurance Tales for Home-based Entrepreneurs

    Posted by Soules Insurance on Fri, Jul 21, 2017

     

    With so many home-based businesses courts frequently find themselves needing to apply the two-prong test to determine whether the “business pursuits” exclusion is applicable. Specifically, was the activity regular and continuous, and was the activity motivated by profit?

    The potential applicability of the “business pursuits” exclusion is not always obvious. But these 3 cases share a common theme: When things go wrong with the operation of a home-based business, the mishap often isn’t covered by the entrepreneur’s homeowner’s policy.

    Consider the following cautionary insurance tales for all those who dream of starting their own business and doing it from home sweet home.

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    Tags: Home Insurance, Home-based Business, Home-based Entrepreneurs, Home Business