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Insurance for home based businesses

Hi

Welcome to the independant consultants industry.

The funny thing about insurances, is that it often doesnt matter if you work from home or from an office too much. The risks are from the product or services you provide and how much/how likely it is that you could harm another business or your own.

Even business interruption and property damage still needs to be reviewed because running a business from home may negate your private insurance coverage anyway.

I would suggest you speak to a broker, because prof indemnity insurance for most gov contracts will require up to $2 mill coverage and for you to maintain your cover for a period of time after you finish the contracted service. This can be thousands each year in costs just to perform this one service.