WSI- Insurance for Home Based Businesses

Survey shows most home-based businesses not adequately covered; many agents and companies have yet to discover this growing market.

According to the Bureau of Labor Statistics of the U.S. Department of Labor, you are one of the 19.8 million people who usually do some work at home as part of your primary job. And, if you work out of your home at least once a week, you are part of the 15% of workers who make up the nation's total labor force. Those findings are from a special supplement to the May 2001 "Current Population Survey" (CPS) and represent the latest available statistics for at-home work.

Interesting as these findings may be, even more interesting are the findings of a recent survey completed by International Communications Research on behalf of the Independent Insurance Agents & Brokers of America (IIABA). The survey found that most of America's 11 million home-based businesses are vulnerable to significant financial losses because they do not have the proper business insurance coverage. The survey revealed that one in 10 U.S. households operates some type of full- or part-time home-based business. However, nearly 60% of these businesses do not have insurance coverage. When asked about the lack of insurance, nearly 40% of home-based business owners said they thought they were protected by some other type of coverage, while almost 30% said their businesses are too small to insure. Notably, nearly 20% could not give a reason for not having insurance.

A similar survey in 1997 found that there were 8.4 million home-based businesses in the United States and that 60% were not properly insured.

"In 1997, we found that a majority of home-based businesses were not properly insured," says Madelyn Flanagan, IIABA vice president of education and research. "The fact that this has not changed confirms a lack of knowledge about the importance of business insurance coverage. Proper insurance coverage can protect business owners from losses that can devastate a home-based business."

WSI has been listed as one of 50 top companies in the 2006 Entrepreneur Magazine’s Annual Franchise 500. It definitely cannot be called a typical job or run of the mill home based business -it's a home based business that offers its members more. WSI’s home based business is about being involved in a rewarding conception and a fulfilling profession that gives its members the opportunity to own a business that is so much more than the typical franchised restaurant or service business. It's about getting into home based business in Internet marketing.

The WSI home based business has become an emerging giant by serving this untapped marketplace. What an exciting home based business for those entrepreneurs looking to buy a business that has major potential. WSI offers you more than jobs or a job opportunity; it's about investing in a career, a franchise opportunity, and a home Internet business opportunity, all the while working from home.

Unlike other home based business that leave you stranded without the proper tools to make a successful steady work income, WSI gives you everything you need to get up and running.  They offer first class support, cutting edge technology and a network that encourages innovation and sharing.

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