Michigan Home-Based Business Insurance: What You Need

The Insurance Pros

14 years ago

🏠 Michigan Home-Based Business Insurance: What You Need to Know

Starting a business from home is an exciting and affordable way to turn your skills into income. But many Michigan entrepreneurs don’t realize that standard homeowner’s insurance doesn’t cover most business activities. That’s where Michigan home-based business insurance comes in.

💡 Why You Need Business Insurance for Your Home-Based Operation

Most homeowner policies limit or exclude coverage for business equipment, liability, and lost income. If a client visits your home and slips on your steps, you could be held personally liable unless you have proper business coverage.

Common home-based business risks include:

Damaged or stolen computers, printers, or business inventory
Lawsuits from client injuries at your home
Loss of business income due to fire, theft, or equipment failure
Cyber threats or data breaches

The Michigan Department of Insurance recommends that small business owners speak with a licensed insurance agent to understand coverage needs.
View their small business insurance publication.

📦 Key Coverages for Michigan Home-Based Businesses

Business personal property: Covers office equipment and tools
General liability: Covers injuries or property damage to clients or vendors
Business interruption: Replaces lost income after a covered loss
Contractual liability: Covers liabilities from service contracts
Cyber liability: Recommended if you handle personal client data

🖋️ Running a Remote Notarization Business from Home?

If you’re offering Remote Online Notarization (RON) services in Michigan, you’re running a business—even if it’s fully virtual. You’ll need to protect your laptop, webcam setup, and liability exposure with proper insurance. You may also want to add notary E&O coverage or speak with your bonding company.

📥 Download: Home-Based Business Insurance Checklist

We’ve created a free printable checklist to help you review your insurance needs. Perfect for RON notaries, freelancers, Etsy sellers, and other small business owners.