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Friday, October 30, 2026Oct 30

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Inside Insurance: Your basic home-based business insurance explained

By David Colmans

Do you remember the name of the first person to successfully fly through the air? Neither do I. But even before the Wright Brothers did it, others came before them. Great ideas got them in the air. But, what about landing?

Today’s unstable economic situation has forced many a nine-to-fiver into a new career not based in some swanky office complex but in an unused bedroom or den at home. This is where the entrepreneur starts out with a great idea, a laptop, an Internet connection and a dream that he or she can not only survive but make it big.

OK, here’s one of those landing gear things to consider. You are “safe” in your home. You go on-line to a legal forms site and fill out a few forms, and now you are Way Cool LLC or Hot Stuff Inc. You get a smart phone and a web-based service that makes you sound like a very cool dude with a neat phone system.

Let’s get back to your spacious office in the den or an unused bedroom. So, you have office equipment, files, a paper shredder, sales materials, and a desk system you bought at a discount furniture store.