Many artists have studios in the home or in structures on the same property. Some start as a hobby and gradually grow into businesses, and many artists work in the home out of necessity or as the fulfillment of the dream to have a home and studio on the same property. If this describes you, there are some critical things you need to know:
Start with your homeowners insurance agent. If your business insurance needs are simple you may be able to be able to purchase a low-cost home business endorsement (rider) on your homeowners policy, or change to a company that offers such a plan. However, there may be some downsides to this approach that you need to look for:
A stand alone business insurance policy in addition to your homeowners coverage. In some cases, this could be with the same underwriter as your homeowners insurance, but most likely will be with another company that specializes in business coverage. Many of the best known names in the homeowners insurance market do not write business insurance.
If you can get a digital version of your policy, search on the word “business.” That will help you locate any exclusions and coverage related to your art business.