RLI Home Business
FACT: Nearly 60% of Home-Based Business Owners Don't Have Insurance
OPPORTUNITY: RLI Home Business Insurance
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.
How Do I Get a Home Business Policy?
Home Business Application
Ready to write a home business policy? The applications are designed so that you can fill in the blanks online and provide quotes to your insureds.
For questions or access to the RLI Portal contact:
Carol Wilson
Director of Professional Liability & Insurance Products
(217) 321-3011
Program Benefits
Benefits For Your Clients
Provides coverage for over 145 classes of small retail & service-type home-based businesses
Affordable rates
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)
Benefits For You
No minimum volume requirements or access fees
Easy underwriting
Self-rating application
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
Top 10 Classes
Popular Business Classes Include:
Residential Inspection Services
Teacher/Tutors
Photographers
Accounting Services
Bakers
Computer Consultants
Interior Decorating
Jewelry (Costume)
Art Gallery / Art Studio
Crafts
All classes subject to further underwriting guidelines.