As a freelancer, you probably run your business from home. As such, your home is not only the place where you live but also the place where you work. It is an abode for your personal memories as well as professional ones. While the rest of the world felt what it was like to work from home only last year, you’ve known the tips and tricks of the trade for long.
You would probably have a corner of your home dedicated as your work desk. Any dangers to your house could possibly mean dangers to your business as well. Therefore, it becomes doubly important to protect your finances against unforeseen risks and dangers to your home. You can achieve this security through home insurance.
We will now further explore the importance of having home insurance when you are a freelancer.
Protection for your belongings
As a freelancer, your capital assets such as your laptop, cell phone, scanner, and several other electronic appliances, are extremely vital. They ensure the daily functioning of your business as well as help you bring in more traffic to your business.
A house insurance policy helps you protect not just the external property of your house but also the contents within it such as the ones mentioned above. If natural calamities like storms, lightning, floods, and so on or manmade calamities like theft, larceny, burglary, riots would cause any damage to your insured work property, you can get a good level of compensation for the same.
The number and types of items covered under home insurance policies differ from insurer to insurer. A house insurance company that provides cover for a large number of items would be preferable ideally.
Living expenses covered in times of emergency
For a freelancer, work goes on even when emergency strikes. Whether you freelance as a graphic designer or a software engineer, meeting the deadlines given by your clients is top priority. So, if anything were to happen to your home and it undergoes repair, you may have to shift to another place such as a hotel to ensure the continuance of your work. In this scenario, your home insurance policy would help you cover the cost of the living expenses you incur. This would include hotel charges, laundry bills, and even perhaps food.
Policy available for tenants as well
If you are a freelancer who is currently residing on rent, you can still insure the contents of your home with a house insurance policy as many insurance companies do permit coverage for tenants too.
Peace of mind
You probably have invested large amounts of money and time to create your freelance business. As the sole owner and manager of that business, it becomes your responsibility alone to keep the assets safe. When you know that there is a solid home insurance policy in place that covers your important assets as well as your office structure, you can breathe a little easier. There is a better peace of mind which could result in more productivity in work as well.
With strategic investment in the right home insurance in India, you can ensure that your hard-earned and well-deserved savings stay for the purpose they were intended for – your business and personal well-being.