Home warranties: the best way to protect your home and business

If you are a successful entrepreneur in charge of a home-based business, you will have worked hard to be successful. Every business owner knows the long hours and graft that go into building up a company. This can actually be even trickier if you work from home as a one-man band. Not only are there more distractions to stay away from but also no one else to bounce ideas off there.

If you have done the hard part of building up a business from home, you do not want it to be ruined by unexpected repairs related to your home. While these are not business costs, you will still have to find the money to fix them, which could affect your business’s finances. In simple terms, the money you have to pay out to make these repairs could leave you with no money left to use to continue your business.

You do not want to go out of business due to your home not being feasible to work from anymore due to unforeseen circumstances. A breakdown to a key system or appliance could leave you without heating in winter or air conditioning in summer. It could also see you with no toilet facilities if the plumbing breaks or no water if this system goes. If this is not fixed for an extended period, then you will have nowhere to work from and your business will suffer.

Home warranties – the best protection for your home and business 

In truth, all homeowners should consider taking out a home warranty plan to protect against unexpected home repairs. This is especially true if your home is also where you work from and needs to be in good condition at all times. For an annual fee, a home warranty protection plan covers you against repairs or replacements to common appliances or home systems. This ensures that you do not get sudden, costly repair bills that threaten the financial future of your business.

What specific benefits do home warranties offer? 

As well as the general points that we have looked at for home-based entrepreneurs, it is worth taking out a home warranty plan for the below reasons:

  • Complete customization on offer – the best home warranty plans will allow you to customize the cover you take out. Rather than paying for things that you do not have in your home or that you do not feel it is essential to protect, this allows you to tailor the plan according to your individual needs. Naturally, the additional benefit here is that you can use this option to keep costs down and only pay for what is necessary. For someone who also uses their home to work from, making sure that the heating system and air con system are covered may be one essential to think about.
  • Total convenience – if you do not take out a home warranty plan, it becomes a real pain when something breaks. Not only does it cost you money that you have not budgeted for, but it also means that you have to spend time finding someone to complete the work. For home-based workers, this is valuable time that you could actually spend working. With a home warranty plan, the company you are covered through will do all this, so you can focus on making money.
  • Peace of mind – running your own business can be stressful enough at times. You certainly do not want the added stress about what you will do if the heating or plumbing systems fail. A home warranty plan eliminates this worry and gives you total peace of mind for both home and work life. You know that if there is an issue, help is only a phone call away.
  • Affordable protection – as a businessperson, you will always be looking for the best deal. The great thing about these sorts of plans is that they are superb value and very affordable. For the cover you get from unexpected disasters, they are well worth the annual fee you will pay. Compared to the money you would lose by vital systems breaking and preventing you from working, it is a no-brainer.

Protect your home and your business 

Although home warranty plans are mainly aimed at private homeowners, the benefits they deliver also make sense if you work from home. By taking this kind of plan out to protect your home, you will ensure that it always stays in good shape. You will also be protecting your business from the catastrophic financial effects that funding costly, unexpected home repairs could bring. If you have not come across them before, then the above should help show why they are a smart move.