Protecting yourself from Liability should be one of the first things a homeowner should consider when hiring any Service Based Business. Sometimes referred to as Commercial Insurance, it's a yearly policy purchased through an insurance broker which protects a Service Based Business from losses due to unforeseen events that may occur during normal business operations. If major damages occur while performing work on your home and the right insurance policy is in place to cover those losses, the homeowner can breathe a sigh of relief knowing the property damage cost will be covered as well. Unfortunately, many homeowners aren't aware that Business Insurance is not a mandatory requirement for Service Based Businesses to carry until it's too late, which can create huge headaches for everyone involved.