Home Business Endorsement Calculator
Calculate the cost of adding home-based business coverage to your homeowners policy vs a standalone business policy.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Endorsement Monthly Cost
$29.17
≈ 6 cups of coffee
Savings vs Standalone
$425.00
≈ 8 tanks of gas
How to Use This Calculator
- Enter the estimated value of business equipment kept at home.
- Input your expected annual business revenue generated from the home.
- Set the desired liability limit for business visitors.
- Review the estimated endorsement premium to add to your homeowners policy.
- If business income exceeds $10,000/year, a separate BOP (business owner's policy) may be more appropriate.
How the result changes with Business Equipment Value
| Business Equipment Value | Endorsement Monthly Cost | Savings vs Standalone |
|---|---|---|
| $10,000.00 | $29.17 | $425.00 |
| $35,000.00 | $70.83 | $50.00 |
| $65,000.00 | $120.83 | -$400.00 |
| $90,000.00 | $162.50 | -$775.00 |
What each input means
- Business Equipment Value
- Total value of business equipment (computers, tools, inventory). Standard homeowners covers only $2,500.
- Annual Business Revenue
- Gross annual revenue from your home-based business.
- Client Visits per Month
- Number of clients visiting your home for business. Increases liability needs.
- Business Liability Coverage
- Desired business liability coverage amount.
- Current Homeowners Premium
- Your current annual homeowners insurance premium.
- Business Type
- 0 = Consulting/office work, 1 = Retail/product sales, 2 = Service with client visits.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersBusiness Equipment Value = 10000, Annual Business Revenue = 75000, Client Visits per Month = 5, Business Liability Coverage = 300000 = 6 input(s) provided
- Calculate Endorsement Monthly CostEndorsement Monthly Cost29.17 = $29.17
- Calculate Savings vs StandaloneSavings vs Standalone425 = $425
- Calculate Endorsement Annual CostEndorsement Annual Cost350 = $350
- Calculate Total Annual PremiumTotal Annual Premium2150 = $2,150
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