Things to Consider When Working From Home

For many Canadians, working from home has become the new normal – and with benefits like improved work-life balance and a short commute to your home office, it's easy to see why. However, this change has also given rise to a new set of considerations – like whether your existing insurance will provide enough coverage if you fully embrace remote work.

Home insurance offers financial protection for your home and belongings if they're lost or damaged due to things like fire, theft, or severe weather, as outlined in your policy. Whether or not you have adequate coverage for working from home through your existing home insurance policy typically depends on your status as a remote worker, self-employed individual, or home-based business owner.

If you're self-employed or are the owner of a business that you operate from your home, you may want to review your insurance to be sure you've got the coverage you need for both your home and your business. A TD Insurance advisor can help you find the insurance coverage that's right for you.

Does working from home impact your insurance policy if you're a remote worker?

In most cases, if you have a job with a hybrid or fully remote working model, there's no impact to your home insurance. Ask your employer about their work from home policy and speak with an insurance advisor to confirm that your coverage meets your needs. 

On the other hand, if you're self-employed or the owner of a business that you operate from your house, you may want to consider adding our Home-Office endorsement to your policy, or purchasing Small Business Insurance. A TD Insurance advisor can help you get the coverage that's right for you.

Insurance options for your small business.

We're proud to offer insurance protection for your small business so you can keep doing what you do best. TD Insurance for Business coverage includes commercial property insurance, commercial general liability insurance, and commercial auto insurance.

  • Commercial Property Insurance: Coverage for physical loss or damage to your insured property, including its contents and equipment from covered events, such as fire or theft.
  • Commercial General Liability Insurance: Liability coverage for your business should a customer trip and fall on the premises or be injured due to one of your products.
  • Commercial Auto Insurance: Coverage for your company vehicle to insure you have appropriate protection while transporting products, tools, or making deliveries on behalf of your business.

Do I need additional insurance coverage if I have clients coming to my home?

In most cases, if you have clients regularly visiting your home office you should consider purchasing additional insurance coverage. A TD Insurance advisor can help you determine the insurance that's right for you. Contact us to learn more about your options.

What if my employer's work laptop is stolen? Will my home insurance cover it?

Many remote workers use laptops purchased by their employer to work from home. Typically, those laptops are covered by their employer's policy, so there's no need to purchase additional insurance. Of course, you should check your employer's work from home policy to confirm you have adequate coverage.

As more Canadians choose to swap the traditional office for working from home, having the right insurance coverage in place is more important than ever. If you have a home insurance policy with TD Insurance, your coverage may include up to $6,000 for business property you own, depending on your chosen plan. Login to MyInsurance to review your coverage.

Contact a TD insurance advisor to learn more about our small business insurance and home insurance packages. Or, if you're shopping for home insurance, get a quote online in minutes.

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The content on this page is for general information purposes only and does not constitute legal advice. Coverages described herein may be subject to additional eligibility criteria, limitations and exclusions. In the event you make a claim, potential indemnification is also subject to the receivability of the claim and the type of coverage you bought.

In the case of conflict between the content on this page and your policy wordings, your policy wordings shall take precedence. Please speak to an Advisor or consult your policy wordings for further details.