Home-based Business Insurance

Find the best home business coverage for as low as $29 per month. Get started now.

Call us to get your quotes by phone

How our customers rate us

Find out how TruShield Insurance can help you protect your business. trushield_businesses.png

Your guide to home-based business insurance

Easily and quickly compare insurance quotes to protect your home-based business.

There are approximately 2.7 million self-employed Canadians, many of whom work out of their homes. As a small business owner with a home-based business, you know that setting up shop where you live has many perks. But, did you know it also opens up a whole host of risks that, without proper home-based business insurance coverage, could leave you exposed? 

Why is it important to have home-based business insurance?

When your workplace is also your home-base, then you might be under the belief that a home-based business is automatically insured under the liability and contents coverage of a home insurance policy. This is a myth. In fact, your business likely isn't covered, which is why getting insurance for your home business is vital to ensuring you-and your business-are properly protected.

Running a home-based business: What could go wrong?

A home-based business insurance policy will ensure you've got the protection you need if:

  • You're the victim of theft and your business equipment, tools, work laptop and phone, or inventory is stolen.
  • You're sued by a client, or courier, who slips and falls at your home while there for business reasons.
  • The product or service you sell, in some way causes harm to a customer, and they sue you for damages.

    It is unlikely, your home insurance policy would adequately cover you, if at all, for any business-related risk that comes with operating a home-based company-especially if they are unaware that you work out of the home. Yet, previously the Insurance Bureau of Canada has said that about 39 per cent of Canadians who operate a business out of the home indicated that they don't have insurance that specifically addresses the needs of their home-based business. While entrepreneurs are accustomed to taking risks, this is one risk not worth taking as it could be financially devastating if the worst should happen.

    Insuring a home-based business

    There are a couple of options for insuring your home-based business. You can get an extension from your home insurer that will cover your business through your home insurance; however, you may find that the limits are, well, limiting. Instead, you may find that a home-based business insurance policy better suits your needs.

    • Did you know? If you run a business out of your home, you need to keep your home insurer in the loop-even if you have separate home-based business insurance policy. Depending on the insurer, you may have to switch companies because some won't provide home insurance if a business is on the premises.

    As a business owner, if you don't protect yourself, who will? You work hard to ensure your business's success, but sometimes, your success can be affected by events often outside of your control. It is for times like these, when-with home business insurance-someone else will also have your back, and you won't be alone. Protect everything that you're working hard to achieve and compare home business insurance quotes today at Kanetix.ca.

    Kanetix hearts Canada

    Kanetix.ca has proudly served Canadians with over 7,000,000 competitive insurance quotes over the past 17 years.

    Not ready to shop for insurance today?

    Set a renewal reminder and we'll let you know when it's time to save.
    Select a date

    Yes, I would like to receive Kanetix.ca electronic renewal reminder emails. I am able to unsubscribe at any given time. For details, see our privacy policy

    Thank you, your subscription details have been saved.

    Set another reminder

    What Could Go Wrong? Plenty, If Your Home-Based Business Is Without Insurance

    Oct 26, 2016

    Eight everyday risks that could harm the success of your home-based business and also where you and your family live.

    Read more ›

    Top 10 Home-Based Businesses That Need Insurance

    Oct 17, 2016

    If you run a business out of your home, or are thinking about it, there's more to ensuring your success than a solid idea, a business plan, and hard work. There's also protecting your livelihood with a home-based business insurance policy.

    Read more ›

    Insurance Tips for Home-Based Startups

    Sep 28, 2016

    When you're starting out with your home-based business, chances are you've got a lot on the go. But, while you're busy growing your business, you also need to protect it. Take control, as much as you can, with these insurance tips for home-based businesses.

    Read more ›