Insurance For Your Home Based Business
I recommend every Virtual Assistant or other home based business have business insurance for their company. You want coverage not only for your computer but also your peripheral equipment, software, and office supplies. Consider what you would need if you had to start from scratch and include all those items in your coverage. Take a careful look around your office; you will probably be surprised at how much stuff you do have.
You want to explore various policies and their coverage. For example what if your laptop is stolen from the airport? Is that covered? What about a flood in your home caused by a sewer break? The cost of a policy obviously depends on the company and the coverage however it should be in the ballpark of $400/year. Definitely a worthwhile investment.
If you are just using your home insurance you need to make sure it will cover items belonging to a home based business. Your home insurance may cover some but not all of your assets. Check to see if they can add an addendum to the policy to specifically cover the business items. Don't assume your home insurance will cover what you need for your business.
While insurance may cover the products you own it will not cover the data you have. Often your data is more valuable than the physical items as it's hard to put a price on time, research and creativity. Losing your data is more likely to put you out of business.
To protect your data from disasters such as fires and floods obviously backing up your data is critical for preventing data loss in the event of a natural disaster or computer crash, however, how do you protect the back up copies? Several options are available. You can back up your data onto a secure server on the Internet. You can store your back ups off site at another location or you can purchase and store them in fire and water proof containers in your home.
Having someone steal your computer means they may have, or will, gain access to confidential information, both yours and client's. There are a couple of things you can do to try to prevent the data being accessed. First by making sure your computer is password protected, and in addition, any area of the computer where sensitive or confidential information is stored also be password protected.
Obviously home and car security may prevent the theft occurring in the first place so be sure to explore your options for protecting your investment.
Copyright 2002-2006 Virtual Strategies - All Rights Reserved.
Related Tags: insurance, loss, home insurance, protect, theft, damage, confidential, important, responsible
Mary-Lou Ashton
Virtual Strategies
Phone: 604-483-3740
Fax: 604-648-8641
Email: marylou@vatp.ca
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Coming soon to a phone near you!
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Virtual Assistants - Business partner of the 21st Century
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Mary-Lou Ashton has been a pioneer in the Virtual Assistant profession in Canada since 1997 and developed a training program to support other VA's in being successful. Her passion for the profession continues to grow and Mary-Lou invites you to visit her at http://www.vatp.ca.
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