Home Staging Business Insurance with Tamela Bowie
About Today’s Guest: Tamela Bowie
Every day, home staging businesses are faced with a multitude of risks. And here at Staged4More, we receive a lot of questions about liability insurance. I thought it would be great to bring Tamela Bowie onto the show, who not only has interior design experience, but also runs her own firm, Bowie Insurance, supporting entrepreneurs and small business owners.
Tamela walks us through general liability insurance, workers comp, errors and omissions, health insurance, and even car insurance, along with how to best protect your home staging business and get the best rates. With over 20 years of experience, industry knowledge, and expertise, you’re sure to walk away with a lot of insights after listening to this episode.
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This Week on The Home Staging Show Podcast
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Tamela introduces herself to listeners and explains how she first got curious about interior design (including a story from her childhood where she painted her Grandmother’s bathroom!) (00:03:59)
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Tamela shares how she launched her career in the insurance industry (00:06:34)
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Tamela breaks down the differences between the three most common types of insurance: general liability, workers comp, errors and omissions (00:09:25)
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The difference between general liability insurance and errors and omissions coverage (00:12:23)
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What kind of coverage you should look for when speaking to an insurance agent (and the importance of an umbrella policy) (00:13:11)
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The key qualities Tamela recommends you look in an insurance agent (00:15:24)
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What you absolutely need to know if you operate your home staging business out of your home (00:17:21)
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Why Tamela recommends only errors and omissions coverage if you’re not carrying any inventory (00:18:23)
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The worst time to find out what you’re not covered for is when you open a claim (00:19:51)
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How insurance rules differ from state to state (and why you should go over everything with someone local) (00:20:32)
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What to know if you are a homeowner, have a homeowners’ insurance policy, and move out of your house (00:22:27)
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What you need to do immediately if a homeowner tells you their staged home was broken into (00:24:17)
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The pitfalls of navigating health insurance as a sole proprietor (and what Tamela recommends) (00:28:06)
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How health insurance premiums differ when you have employees (00:30:12)
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Why insurance companies all have different premiums (00:31:37)
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Tamela shares about car insurance and the benefits of commercial auto policies when you’re using your own vehicle for your business (00:33:39)
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How to negotiate discounts on your car insurance (00:36:43)
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Tamela shares the #1 tip she’d give to home stagers who are looking for the right coverage in their home staging businesses (00:40:03)
Connect with TAMELA
Tamela’s website: www.bowieinsurance.net
Tamela’s Facebook Page: https://www.facebook.com/BowieInsuranceTX/
Resources Mentioned On Today’s Show
Early bird submissions are now open for the International Home Staging Awards.
StagerCon 2021 is coming in July!
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