NATASHA CLARK (right), manager of Regis Art Gallery, gives 2 phofographic print of Tae Companions
by artist Cari Brenders to Helen Ma. Ma won first prize in a draw commemorating the store’s opening earlier |

this fail.

Home-based

IT HAPPENS with amazing regu-
larity. Every Monday, business
people across the Lower Mainland
make the transition from weekend
to work week. For some folk the
change is not so marked. Their
joumey to the office is brief and
the scenery is familiar.

They are among the growing
number of business people who are
reaping the financial anc personal
benefits of running a_ business
from hose.

Flexible hours, lower overhead,
decreased travel time and preximi-
ty to family are a few of the fac-
tors that influence the decision to
work from home.

Noi all home-based workers are
self-employed. Some large com-
panies find it more cost-effective
to have certain employees working
partially or exclusively out of their
homes.

All home-based workers are sim-
Har in one respect — they need to
maintain professionalism. A
business, even when conducted at

NEWS photo Neil Lucente |

workplace has benefits

home with the family dog lying
asleep under the desk, is still a
business.

As a separate entity from the
home, the home-based business
must have separate financial ar-
rangements, and that includes in-
surance protection.

In the overwhelming majority of
cases, personal insurance wili not
respond in the event of a business
loss. Insurance professionals
strongly recommend specific
business coverage.

The reason is simple. Personal
property insurance provides
limited business coverage on the
home’s contents and, in most
cases, it is not sufficient to cover a
loss suffered by the business.

For example, in a standard per-
sonal policy, teols or instruments
used for business may be covered
for only $1,500, and only while
they are on the premises. Other
business property, including sam-
ples and goods held for sale is not
insured under most personal prop-

°F’state

BY IVAR FOSSEN

(REALTOR)

SPOTTING A GOOD BUY

Scanning the reat estate ads for
houses in a neighborhood where you
would like to relocate can give you
some idea of the house values
available. However, sale prices often
differ from the asking prices. These
and other particulars are available
from your agent, plus one other im-
portant service. Your agent can help
you spot a good buy BEFORE the
house comes on the market and is
advertised for sale. This is especial-
ly true in an active market when
many properties are sold by the time
the newspaper appears.

Your agent can also give you pro-
fessional assistance in negotiating
the offer you are willing to make.
Some houses may seem underpric-
ed until you take a closer took ai the
condition of the house and proper-
ty. Others may be overpriced by
sellers who believe their house is
worth a lot more than inie market
justifies.

Buying a house represents a
large financial commitment. The pro-
fessional judgement that only your
agent can give you Is vital.

MAY | BE OF ASSISTANCE TO YOU??
CALL IVAR FOSSEN 686-1740 pgr.

BM sutton group-sentine! realty
AN INDEPENDENT MEMBER BROKER

925-1111

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erty policies.

Liability coverage under per-
sonal property insurance is also
very specific and limited. Any ac-
cidents that occur to employees or
others connected with the business
on the home’s premises would
probably not be covered.

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