What is Business At Home Insurance?

Home and Contents insurance can cover your home, its contents, or both if they need repairing or replacing after an insured event - but if you run a small business from home, a standard home policy can leave your business assets without cover. Luckily, AAMI Business Insurance can help! An AAMI Business At Home policy can combine cover for your home and business into one convenient policy.

Coverage

When you might need
Business At Home Insurance

If you run a business

  • From a property you own and live in, or
  • From a property you rent and live in.

And face scenarios like this

  • Third parties, like customers, couriers and suppliers, visit your home.
  • You keep retail stock at home.
  • You complete manufacturing/repair work at home.
  • You have business-related items, such as hairdressing, printing or baking equipment, at home.
  • You sell or provide goods to customers.

This is just a a few examples. For more info, check out the policy documents, or get in touch on 13 22 44.

How Business At Home can help businesses like yours

A home insurance policy alone isn’t designed to cover risks associated with running a business from home — so a Business At Home policy lets you add coverage types.

These are a few examples of coverage types, but every business is unique. Our consultants can help you discuss coverage options that might be appropriate for your business.

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Professional services

Such as accountants or consultants.

  • Public Liability cover can help with costs arising from injury or property damage sustained by clients while they visit your home office. For example, if someone trips over your laptop bag and injures themselves.
  • Back in Business cover can help cover a dip in your revenue as a result of property damage caused by an insured event.
  • Theft cover helps you replace business property, such as stock samples and computer equipment, if it’s stolen from your home.

Food sellers

Such as bakers or jam makers who sell online or at markets.

  • Products Liability cover can help you cover costs if something you sell inadvertantly makes someone sick.  Remember, handling food that’s intended for sale at a property that’s also a home means there are special food safety issues to consider.
  • Property Damage cover can help you repair your kitchen, or replace specialised equipment, if damaged in an insured event.
  • Money cover can cover physical loss of, or damage to, your business’ money.

Photographers

Such as baby photographers with a home studio.

  • Portable and Valuable Items cover can help repair or replace gear like cameras, lenses and computers after an insured event.
  • Public Liability cover can help cover costs if clients are injured, or their property is damaged, while visiting your home studio. For example, if a child trips over a prop toy and breaks their arm.
  • Back in Business cover can help cover a dip in your revenue as a result of property damage caused by an insured event.

Printers

Such as businesses that screen print clothing, or sell greeting cards online.

  • Property Damage cover can help you repair or replace expensive printing equipment after an insured event
  • Public Liability cover can help with costs if a courier you work with is injured on your property.
  • Theft cover ensures you’ll be able to replace your computer, scanners and printing equipment if it’s stolen from your home.

Every local council has different regulations, so ensure your intended business activities comply with any relevant laws and regulations prior to commencing.

Can Business At Home cover renters?

An AAMI Business At Home policy can be adjusted to suit your business and your living situation. So, if you operate your business from a property you own and live in, you can cover both the building and your contents, in addition to your business activities — but if you’re a renter, you can just cover your business and your home’s contents. Your premium will reflect the type and extent of coverage you take out.

If you’re renting, you should seek approval from your landlord or property manager before you kick off any business activities at home.

Small Business Insurance Tips

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Home & Contents Insurance vs Business Insurance

Running a small business from home – or thinking about starting one? Make sure your insurance policy covers your business activities.

Home Business Insurance Costs

When setting up a home business, a variety of costs need to be considered – and insurance may be important.

Running a business from home: What is and isn’t covered by insurance?

Running a home business has its perks: it’s quiet, flexible and you can roll up in your PJs. But how do you know which insurance cover is best for you?

How to insure your micro business

Have you embraced your entrepreneurial spirit? Turned a brilliant idea or specific skillset into a successful small business? You may wish to consider insuring your micro business.
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Every business is different

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