My wife trains about 12 clients per week out of our home gym. She has purchased separate liability coverage for her personal training so that is not the issue. When I recently tried to move my regular homeowner’s insurance I found that training out of the home is a big problem. Even though the regular homeowner’s policies provide no coverage for a home-based business, every company I have talked to will not insure our home because of the risk from the increased traffic from the clients and their concern that they will be sued anyway if there is an accident.
Of course one solution is to not tell the insurance company but there are problems with that approach. If you train out of your home, have you found any solutions to this problem?
Hi Brian. Certainly there’s got to be some homeowners’ insurance company out there that will allow an owner to have a home-based business so long as they provide their own separate liability insurance. I can’t imagine that with all of the home-based businesses out there (e.g. dentist offices, psychiatrist, accountants etc) that this is such a novel request. I would keep searching, and be clear with the insurer that you have established your own separate liability coverage for your wife’s business.
You may also want to try contacting an insurance agent with this question.
I hope that this helps.