Do you customers run a small business out of their homes?
Many home-based business owners are going without the necessary insurance coverage simply because they do not realize they are not covered for business activities by their existing policies. IA&B Service Group is pleased to provide members RLI's Home Business Insurance (HBI) policy that offers the necessary protection from risks arising from home-based business activities that typical homeowners or renters policies do not cover.
Unique coverage for your customer's home-based business.
The RLI Home Business Insurance policy, specifically designed for home-based business, crafters and hobbyists, is written on an ISO BOP form. While standard homeowner endorsements offer some coverage, many DO NOT cover most business-related losses.
RLI Home Business Insurance Policy coverage includes:
Up to $1,000,000 in business general liability coverage, both on and off the residence premises.
Up to $100,000 in business personal property (BPP) limits for protection at home and while temporarily off premises.
A standard $250 deductible.
Up to $5,000 per person for medical payments to customers or vendors injured on your premises.
Optional coverages for money and securities.
Electronic data processing coverage.
Availability in all states and the District of Columbia, regardless of the carrier providing the homeowner coverage.
How to access the RLI Home Business Insurance Policy.
The program is available to independent insurance agents through IA&B.
First, need to enroll in the Market Options program. Download and complete the Enrollment Packet and mail to IA&B along with supporting documentation.
Check the list of eligible home businesses to see who can qualify.
Rate it, complete HBI application, print for signature, review if for eligibility, and have the insured sign it.
Then submit the application to IA&B.
For more details about RLI's HBI program, contact IA&B's Member Service Center toll free at (800) 998-9644 or locally at (717) 795-9100, option 0, or e-mail.
Enrolling is easy!
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