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Is it mandatory for home based businesses to have home business insurance?

Answer:
Business insurance for a business based in a home is not a legal necessity. It is, however, highly recommended, as a business of any sort is a liability as well as an asset. You will be held responsible for your own business's needs. Insurance is an important fallback if you are robbed, sued, or default on a loan, etc.
First answer by Answers Publishing Network. Last edit by Answers Publishing Network. Contributor trust: 97 [recommend contributor recommended]. Question popularity: 1 [recommend question].

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