{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"It’s common for businesses to start as a home-based side hustle. Looking at you, ","nodeType":"text"},{"data":{"uri":"https://www.cnbc.com/2018/09/27/google-virtual-tour-of-larry-page-sergey-brins-1998-garage-office.html#:~:text=a%20look%20inside-,Google%20was%20started%20in%20this%20garage%20office%20in,1998%20%E2%80%94%20take%20a%20look%20inside&text=Tom%20Huddleston%20Jr.,and%20Sergey%20Brin%20in%202003.&text=Today%2C%20Google%20is%20an%20%24800,employees%20spread%20around%20the%20world."},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"Google","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":".So if your ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/new-business-5e6i4A5dOZ1UKe2eT4QYM7"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"side hustle","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" is growing, it’s a good idea to get insurance before it takes off. ","nodeType":"text"},{"data":{},"marks":[],"value":" ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Why do I need home-based business insurance?","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"Because your side hustle is still a business, which means you face the same risks as larger corporations. Think: Property damage and client disputes. Yikes. A good home-based business ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/insurance-terms-skimmd-5Gn6PdRMpwiwcELA9A8T4k-post"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"insurance","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" policy can protect you from taking major losses. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"But isn’t this covered with homeowners’ insurance?","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"Not always. Especially if you operate your business from a separate structure on your property. Read: she-shed.But you can add home-based business insurance to your ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/homeowners-insurance-4pERErSjNJgkEo8YLeg2JV"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"homeowners’ insurance","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" policy as a rider. Just to make sure everything’s covered.  ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"What does home-based business insurance cover?","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"That varies depending on your policy, but here are common options.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Business property insurance… ","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"Protects your business equipment in the case of theft or property damage. Usually a good idea for ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/paid-off-debt-with-side-hustles-1PP64VDe2UiXCSOpU4sCxS"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"side hustlers","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" with equipment and inventory that would be really expensive to replace.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Liability insurance…","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"Protects your business from being liable when another person is injured.Psst...homeowners’ insurance won’t generally cover injuries or property damage if the incident is related to business. Think: Do clients frequently meet you at home?","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Product liability insurance…","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"This one is for the side hustlers who sell physical products. It provides coverage for the times your product causes injury to a customer.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"PS: This list isn’t all-inclusive, so it’s always a good idea to review your options with an insurance professional.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"How much does home-based business insurance cost?","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"This varies, too. Because it depends on the details of your policy. But home-based business insurance doesn’t usually exceed $300 per year. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"theSkimm","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"Owning a small business can come with major risks, even when you’re side hustling from home. A great way to manage those risks is through home-based insurance. The good news: in most cases, you can just add it to your homeowners’ insurance policy.","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"document"}