Home-Based Business Insurance

WILL YOUR HOMEOWNERS INSURANCE COVER YOU WHEN…

• Your business equipment is stolen out of your vehicle? NO!

• You accidentally knock over the display next to you at an exhibition or show? NO!

• A power surge damages your computer and fax machine? NO!

• Someone steals your cash box? NO!

Nearly 60% of home-based business owners do not have insurance. This is typical because people mistakenly believe their existing personal homeowners or renters insurance policy will cover any loss or damage to their business equipment, furniture, and supplies in the event of a fire, theft, car accident, or other catastrophe. In fact, those policies usually explicitly exclude coverage for any business exposures on their premises.

You’re not home-free with most homeowners’ policies. Imagine having your inventory or equipment stolen or damaged. Typical homeowners insurance will not cover this type of loss for people who run a small side business out of their home. We are pleased to offer the perfect coverage for your in-home business: RLI’s Home Business Insurance policy.

What is Home Business Insurance?

Home-based business policies are explicitly designed to handle the business insurance needs of a business that is operated from an insured’s home by providing coverage for business personal property (equipment, inventory, and supplies) and business-related liability exposures. In addition, a Home Business Insurance policy can provide coverage for lost income. Coverage provided includes losses or damage from business activities conducted at the insured’s home or off-site at another location. That means business property is protected while an insured is in transit and provides liability coverage when they are performing business-related activities at a craft show or someone else’s residence.

The RLI Home Business Insurance policy offers coverage for more than 130 unique types of home businesses, including coverage specifically designed for home crafters and hobbyists.