Home owners insurance

[TOOT]

I have a question for those of you working out of your homes.  Does this affect your homeowner's insurance?  I am thinking of adding this to my outcall business but was wondering about this.Thanx.

 

[sdumpsinp]

I need to look into this also,I have ABMP and I was told at a time that they would cover property/premise.  It is an extra charge to get the coverage.  $95 a year.  This is what they say on the ABMP site:

ABMP proudly presents the broadest insurance coverage offered by any association serving the massage, somatic and esthetics professions. Your insurance is an "occurrence form" policy which means coverage continues if a claim is filed at a later date for an incident that occurred while you were still an insured member. Coverage includes liability arising out of your premises and operations, your professional liability, and manufactured products you resell. The insurer will also defend you if someone sues you alleging your wrongdoing in one of these areas.Commercial liability insurance offers essential protection and peace of mind for professional massage, bodywork and esthetic practitioners. This protection not only covers you if you're found to be at fault, but also provides for your legal defense. Without it, you could be out tens of thousands of dollars just to defend yourself against a frivolous or false claim or even as the result of fallout from a misunderstanding. Your personal liability insurance protects you in three major categories: Professional Liability (your client alleges injury resulting from treatment), Product Liability (your client alleges they had a reaction to a product you used or retailed to them), and General Liability (your client alleges injury from a slip or trip and fall situation). The occurrence form liability policy also provides coverage for your massage operations for Bodily Injury, Personal Injury and Property Damage up to the limits that are determined by your membership level. You also receive $100,000 for fire damage to premises you rent. If one of your clients claim they have been injured, or you suspect that a client has been injured, report the incident to ABMP immediately. If you have any questions about your insurance coverage, give us a call at 800/458-2267.Business Personal Property InsuranceThe ABMP Business Personal Property Insurance (BPP) was designed specifically for the unique insurance needs of our members. Our BPP program covers members' property (equipment) both on and off premises. This is important as many policies do not cover property once it is taken off business premises. The policy provides members with up to $10,000 of coverage on a blanket basis. This means you do not need to hassle with providing us with a list itemizing equipment values of their property. Both your current and newly acquired property is insured for replacement cost, up to the $10,000 limit. Should members have a covered loss, their claim will be paid based on the cost of that equipment, new, with no deduction for depreciation. All losses are subject to a $250 deductible. Coverage is written on a broad basis with few exclusions. Comparable insurance programs cost over $200 per year, but is available to our members for only an additional $95 per year. To apply for this policy, click here. You can also download the brochure and application here.

 

[ghostwriter]

Home owners insurance

You might want to talk to ABMP directly. Usually, this only covers commercial space.Also check your local ordinances. You may have to have a business license - insurance only covers you if you are 100% by the book, they are always looking for a reason to deny a claim.Also review your homeowners policy. Some policies are void of the space is used commercially in any way or requires you to supplement the policy with the same carrier.

 

[Karamazov]

Home owners insurance

I got a reply back from ABMP I asked:

When working from a home office, do you need to have additional coverage from ABMP for your business? I am a certified member, but I do not have the BPP coverage.  Would I need to get this?

Reply I received:

You do not have to get the business personal property, but you can.  It is a personal choice.  If you would like information I can either mail you some or you can check it out on http://www.abmp.com.

Reply I sent:

Thanks for the reply. So if a client comes to the house for a massage and has a problem with either a product/slip-fall ect., it would be covered under the insurance that a certified member already has? I just want to verify to make sure that I would not need to purchase additional insurance (added to homeowner's) since the office would be out of my home.

Reply I received:

That is correct.

My homeowners policy states that it will not cover anything pertaining to a home business.

 

[Mando]

Home owners insurance

Be careful not to confuse BPP or BOP with liability coverage for your premises.BPP/BOP covers equipment. It is not slip & fall or other premises coverage.Check with your homeowners coverage. If you are not talking to an agent or underwriter, I would not trust the information of an association person.For instance, I cannot rent out my basement apartment without paying a much higher homeowners rate because that space is then considered commercial.

 

[madi]

Home owners insurance

Thanx for the information!