There are many scenarios that can derail your well-oiled SOHO operation. These’ll getcha, just like a change up in baseball. And next thing you know, you’re out.

Kids home for the summer or holidays. New baby. New pet. Extended visit from family or other house guests. Illness or death. Adult Child returns to the nest (that one just happened here at Loosely Speaking, in fact). Uninvited guests (termites, mold, etc.)

Acts of God, like floods, earthquakes, tornadoes, hurricanes.

Some variation on this theme will likely affect your business operations at some point. So, how to prepare?

My foolproof, two-pronged approach:

• Liability Insurance
• Separate office space

Speaking of this, here are some related posts from the Loosely Speaking archives:

• Skunkage: Risk Management for the Self Employed
• Top Ten “to NOT do” List Items