Insureds often believe their existing homeowners or apartment-dwellers policy will cover any loss or damage to their business equipment, furniture and supplies in the event of fire, theft or other catastrophe, when in fact, those policies usually explicitly exclude coverage for any business exposures on their premises.
RLI's Home Business Policy provides affordable coverage for those people who operate small home-based businesses. Insureds often believe their existing homeowners or apartment-dwellers policy will cover any loss or damage to their business equipment, furniture and supplies in the event of fire, theft or other catastrophe, when in fact, those policies usually explicitly exclude coverage for any business exposures on their premises. The RLI Home Business Policy, however, is not intended for all types of home business. It is specifically targeted for over 100 retail and services risks operated from the insured's residence and presenting minimal product liability, professional liability and/or off-premises exposures.
Benefits For Your Clients
Provides coverage for over 145 classes of small retail & service-type home-based businesses
General liability coverage up to $1 million
Loss of business income protection up to 12 months available
Broad coverage with off premises theft included
RLI is admitted and A.M. Best "A+" rated
Up to $100,000 (varies by state of risk) comprehensive coverage for business personal property both on- and temporarily off-premises
Up to $5,000 per person for medical payments to customers injured on the insured's premises
Optional coverage available for Additional Insureds, Money & Securities, Electronic Data Processing Equipment (varies by state of risk)
No minimum volume requirements or access fees
Direct bill at new business and renewal via credit card and ACH
Availability regardless of the carrier providing the homeowners or apartment-dwellers coverage
Competitive rates starting at just $125 annually, depending on the location and type of business
Find Your State Administrator
Home Business Decline Form
How to Quote and Submit New Business Online
RLI's Complete List of Eligible Businesses & Class Descriptions
Home Business Quick Quoter
New Business Application
Popular Business Classes Include:
All classes subject to further underwriting guidelines.
View full list of over 140 business classifications
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