Businesses need insurance, there's no question about it, and that's where property insurance brokers step in. Brokers can offer you many options since they are not obligated to sign you up for a policy from any specific company. Therefore, they are free to find you the best coverage for your budget.

As a business owner, you'll need to work with a property insurance brokerage to find the right policy for your specific situation. Your needs will vary depending on if you work from home or from a separate office, and also if you rent versus if you own your property. Consider the following:

1. Buy a business owner's policy if you operate your business from an office building. Property insurance brokers can tailor the policy to your needs.

2. Get quotes from property insurance brokerage companies if you work from your home. You want to make sure your business assets are covered, not just your personal belongings.

3. Obtain rental insurance quotes from property insurance brokers. If you work at home but you're renting your house or apartment, you'll still need coverage.

Action Steps
The best contacts and resources to help you get it done

Buy a business owner's policy from a property insurance brokerage

A business owner's policy is sort of an umbrella insurance policy. It protects not only against liability but also against damage to your property. This is sort of like a renters or homeowners insurance policy for those working out of separate office buildings (as opposed to working from home).

I recommend: Send in an application for a business owner's policy from Seabury & Smith. Check out the different plans offered by Business Insurance Now, then apply online.

Get homeowners insurance quotes from property insurance brokerage companies

If you carry a mortgage loan, you are required by law to have homeowners insurance. Besides that, if you run a business out of your home, you have additional contents that could be damaged or stolen if something were to happen to your property. Protect yourself with the right homeowners insurance policy.

I recommend: Check out the selections at Colonial Group, which offers insurance for traditional homes, mobile homes, modular homes and even log cabins. Get a quote for homeowners insurance from Homesite, which offers a business property endorsement.

Obtain renters insurance from a property insurance brokerage

If you rent, you can still protect your belongings against damage or theft. This type of property insurance is very inexpensive and is a must for anyone who rents. If you do business out of your home, it's imperative that you protect yourself against natural disasters as well as burglars. If something were to happen, you don't want to lose valuable time and money. A renters policy quickly reimburses you for your losses.

I recommend: Explore your options at Hub International; brokers will help you figure out what coverage is best for you. Get a quote for renters insurance from Utica Mutual.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Consider using the same property insurance brokerage to buy other policies. If you need auto insurance, life insurance or even health insurance, in many cases, your broker can set you up with these policies also. You may even get a multi-policy discount.