Are business-related losses covered under a standard Homeowners Policy?

A standard Homeowners Policy is primarily designed to provide coverage for personal property, liability, and living expenses associated with a residence. It specifically excludes business-related losses because such policies focus on residential, non-commercial use of the property.

Businesses typically require specialized insurance policies that address the unique risks and liabilities associated with operating a business, such as property damage, business interruption, workers' compensation, and general liability. Therefore, the standard Homeowners Policy does not accommodate losses stemming from business activities, making it clear that these losses are not covered under the terms of the policy.

This distinction helps ensure that individuals running a business have appropriate coverage tailored to the risks inherent in operating that business.