Running a business from home and home insurance

hellyoga · 30 March 2018 at 10:49AM

Hi my adult stepson has started a business from our home using our address as his trading address. He is selling goods which he stores at our house. Will this affect our home insurance?

lincroft1710 · 30 March 2018 at 3:43PM

It could do if the items stored are inflammable and you have a fire. As well as insurance his business may be contravening planning law and possibly breaching a covenant on the house.

Wizzbang · 30 March 2018 at 7:17PM

Yes, you have to notify your insurer - anything other than clerical work usually incurs an additional premium, particularly if there is stock stored at home.

You should also speak to your local council, as you may not be allowed to run that kind of business from your house. Particularly if it means extra visitors and traffic to your home.

[Deleted User] · 30 March 2018 at 8:24PM

Yes - they will want to know the value of goods kept, the nature of the business, any cash kept at the property, visitors in and out of the property whether he has any public liability insurance etc. Call your insurer asap

winspiration · 30 March 2018 at 8:41PM

You will need to notify your home insurer. I run a business from home and it hasn't been an issue, I don't have anyone calling at the house. It does tend to cut down a bit on the options when shopping around for policies, current insurance is with Nationwide and still at a reasonable price. It would be a good idea for your son to take out separate business insurance to cover his stock and other aspects of the business (product / public liability etc).

Running a business from home and home insurance

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