Thousands of Australians may be taking out insurance that isn't valid because they run a side business from home, but what if you work from a home office?
Thousands of Australians may be taking out home and contents insurance policies that aren't valid because they run side businesses from home, but what if you work from a home office?because of their home businesses.The news for the those workers is good: if you work from home for an employer, you're probably safe.
"If you're working for an employer, you're not usually going to be engaging in what the insurer might regard as business activity," she said.When the consumer's signing up to get home insurance, the insurer will ask a series of questions such as whether business activity is occurring at the property. It will then assess the level of risk involved."Every insurer differs in terms of the products they offer and the risk they're prepared to take on," she said.
So even if you run a business from home that just involves you sitting at a computer at your desk, Ms Uluca advised checking your policy or asking your insurer if this could affect your home and contents insurance just in case.
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