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Tenant insurance, also known as renters or content insurance, is one of the costs of adulting that seems to have no payback. But the reality is that you can’t afford not to have tenant insurance. The cost of a policy (which can range from $15 to $50 a month) is a small price to pay when you consid.... More »
Compare car insurance quotes from Canadian providers May 11th
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TFSA contribution room calculator + MORE Mar 4th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like exchange-tr.... More »
Do I really need life insurance? + MORE Jul 31st
Life insurance shouldn’t be one of those things you put off thinking about—because you (and the people who depend on you) could need it at any time. But many do wonder if it’s worth the monthly premiums. How do you know if it’s necessary? Why do we need life insurance anyway?
“In gener.... More »
What type of insurance does a home-based business need?
– moneysense.ca
Q. I am starting up a small business where I will manufacture, market and sell my own products online. I will use a room in my home as an office. What type of insurance do I need?
–Paul
A. Hi Paul. An insurance policy protects you against defined risks. Although I haven’t seen your home insurance policy, I would be surprised if the risks that you are covered for include things related to manufacturing operations.
You didn’t ask, but you may also want to look into what type of zoning your house has and whether the manufacturing that you are planning to do is allowed there. This is a particular type of zoning and it is different from zoning for regular houses.
If the zoning for your home does not allow for the manufacturing you intend, you won’t likely be able to get insurance to do that covers you for manufacturing, either.
In any event, you should call up your home insurance broker and ask what insurance is available for a home business such as yours—either through your home insurance or another insurance product…
–Paul
A. Hi Paul. An insurance policy protects you against defined risks. Although I haven’t seen your home insurance policy, I would be surprised if the risks that you are covered for include things related to manufacturing operations.
You didn’t ask, but you may also want to look into what type of zoning your house has and whether the manufacturing that you are planning to do is allowed there. This is a particular type of zoning and it is different from zoning for regular houses.
If the zoning for your home does not allow for the manufacturing you intend, you won’t likely be able to get insurance to do that covers you for manufacturing, either.
In any event, you should call up your home insurance broker and ask what insurance is available for a home business such as yours—either through your home insurance or another insurance product…
