Leading UK insurer, Cornhill Direct home insurance is warning people who work from their home that they could face financial problems if they neglect to ensure they have adequate insurance.

Whilst most employed people working from home should be covered by their employer?s cover, anyone thinking of starting their own business from home should double check they have the right homeworker insurance protection.

The warning comes on the back of a new survey which reveals that many of us long to swap commuting and office life for a job at home. The survey revealed that:

• If they had the choice, 69% of UK office workers would prefer to work from home


• 20% of workers are so keen to work from home they would take a pay cut to do so


• 20% believe they would get more work done because of fewer distractions


• More than a third say it would also give them more flexibility with their children

Mark Bishop, spokesman for Cornhill Direct, said: ?Home workers do need to consider the insurance implications because equipment used for business purposes may not be adequately covered or covered at all by a standard home insurance policy, particularly if removed from the home. There is also the potential liability issue to consider if a customer or business associate visits their home and is injured.?

Whilst many home insurance policies will not cover commercial activities as standard, some insurers offer additional cover specifically for self employed homeworkers. Cornhill Direct home contents policy offers a ?homeworker insurance extension?, which includes £10,000 cover for business contents and up to £10m employer?s liability cover.

posted by UK Insurance Index  @ 12:34 PM