Are you a small business owner primarily operating your business from home? It probably means you have a home office setup at your private place. Have you thought of insurance coverage for your small home business? What are the assets involved in operating your small business from home? How will you compensate for the loss of such assets in case of any damage? These are some of the questions you need to consider. Your home office definitely needs an insurance coverage.

Does homeowners insurance provide coverage for home office?

Homeowners insurance policy is not meant to provide a complete coverage for your home office. It has a number of limitations or exclusions when it comes to covering for home office.

• Property coverage in an HO policy will not cover business-owned property even if it is within your residential premises, for example – outdoor sheds. It will also not cover for loss or damage to business records and data.
• Liability coverage under HO policy will not provide coverage for bodily injury or property damage that can arise from a business in which the insured is engaged. The same exclusion applies even in personal liability insurance Singapore.

Facts to understand about home office insurance coverage:

• A homeowners’ policy is not sufficient to provide for losses incurred in a small business run from home.
• However, one can apply for homeowners’ endorsements. These extend the scope of coverage by a regular HO policy.
• One can also opt for a BOP or business owners’ policy separately. This offers coverage for both commercial property and general liability bundled in a single plan.
• It is important to assess the risks associated with your home business before opting for an insurance plan.
• You should also have a proper valuation of your business when you apply for an insurance policy.

Summers are ideal to throw a nice outdoor party. It could be a wedding reception, a birthday party, family reunion or just a fun get-together to enjoy the warm weather. However, to make the party an absolute success, you definitely need some indispensable items. Most of these need to be rented because not everything can be arranged from home. Below is a list of 5 must-have rentals to make your summer party super fun:

1. Tent

While an outdoor party is certainly a lot of fun, you cannot risk missing out on a tent. It is absolutely necessary to provide shade to your guests when the heat can be too much to bear. Select a tent size and type depending on the event, number of guests and other needs.

2. Chairs

It goes without saying that chair rental is one of the most important services you’ll require while arranging any party. Your cool summer party too cannot do without chairs. You can choose from stackable or folding chairs, and plastic or wooden ones.

3. Tables

Tables are another important asset to any party. Of course you cannot imagine your party without tables. You should select table shapes and sizes depending on the space you have for your party, the number of guests attending, besides other factors.

4. Linens

While you have tables and chairs, you can amp up the party décor by a notch by opting for appropriate linens. Choose something that goes well with the theme of your summer party. Light and crisp fabrics can be a good choice. You may also wish to rent for napkins if you deem them necessary for your party.

5. Tableware and glassware

These are much needed to serve food and drinks. There are various rental services available for tableware and glassware. Take your pick after considering all options.