Can I Store Business Goods At Home?

Thursday, December 5, 2019

Can I Store Business Goods At Home?

If you’re running out of storage space at your retail store, you can either rent a storage locker, or take the extra inventory home with you. But that inventory that comes home with you might not just a few cans of pineapples for your smoothie shop. It could be expensive equipment or valuable inventory. If you put these items in your garage for a week, are you going to be covered by your home insurance policy if something happens? Here’s what you need to know:

If you’re going to rent out storage space, be sure to ask your storage provider about insurance. Insurance on the possessions in a storage locker can be surprisingly inexpensive, depending on what you’re protecting. In fact, these can cost as little as a few dollars a month. And considering that you only need the space temporarily, you’ll ultimately be spending very little to keep your business property covered.