Those who rent and work from home need to know that their work-related tools and equipment are generally not covered by their personal renters insurance, though you have several options to gain that coverage. If you live in the Granbury, TX area, our team at Texas Classic Insurance will take the time to review your options and identify the renters coverage that works for you.
Renters Insurance and Working From Home
Working from home has many benefits, but it introduces property and liability insurance issues that depend on whether the work equipment you use is owned by your employer, a business you own, or personal assets occasionally used for business purposes.
Your personal renters’ policy does not cover laptops or other equipment your employer owns. Whether you are liable for damage or loss that occurs while the equipment is in your possession depends on your employer’s policies, an issue you should clarify with them.
Likewise, your renters’ policy covers personal property. It typically does not cover equipment your business owns, but you can often add a rider or endorsement to your policy that covers assets your business owns. Your renter’s policy should cover personal assets that see occasional use for business purposes.
Your personal renters’ policy also does not cover the liability for colleagues or customers injured at your residence. However, adding a business liability rider to your policy can fix that problem.
As always, check with your agent to confirm whether and how your policy covers work-related equipment.
Working with Texas Classic Insurance
Texas Classic Insurance proudly serves the Granbury, TX area. We can help you obtain rental insurance that protects your personal and business assets, so call or stop in today to discuss your insurance needs.