Do you need business insurance?
You may or may not, but it’s something worth looking into, even if you are a freelancer working from home. Business Insurance is not necessarily just for brick and mortar establishments, and even if you have homeowner’s insurance or renters insurance it may not cover your business related expenses if the need should arise.
Depending on the country, state, county or province you live in, the rules on the types of coverage you need may be mandated by law, especially if you are considering incorporating. (If you’re freelancing in the US, you may want to consider that now that taxes for “hobby” incomes have just been raised to around 50%!) Corporate entities are usually required to hold some kind of insurance on property as well. If you are freelancing as a traditional “Mail In” manuscript writer, you might want to consider getting your own insurance on shipped items. It is your income after all.
In the end your best bet is to consult an insurance professional either over the Internet or in your area. They are trained to know what you need and most will be happy to assist you in getting the best rate possible. After all, that’s how they make their money.
If you write for an income, whether on the Internet or in print, you are in business. Treat your efforts like one and they will reward you in the end.