I would like to know others’ opinions on commercial general liability.
Previously, I had a commercial office location for my incorporated accounting and tax practice.
I had the following insurance: Errors and omissions & Commercial general liability
However, over time I found that clients were starting to come to my office less and less to the point where it was non-existent (pandemic and the introduction of digital signatures).
I started to wonder if the office rent was worth it.
I eventually shifted my practice to my home (an in-home office in one room) and have saved a fortune.
When my policy came up for renewal I didn’t get Commercial general liability as no clients were coming to my home office or meeting in person.
However, I recently received a home insurance quote from my insurance broker who provides the Errors and omissions policy and they are mentioning that I should reconsider the Commercial general liability.
I told her no client EVER comes to my home office. Later in the call, she mentioned you never know there could be a slip and fall (to which I thought how is someone going to slip/fall on the property if no one ever comes here).
How are others approaching a similar situation with an in-home practice?
I really appreciate the helpful comments.