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RLI's Home Business Insurance policy, endorsed by IIABA, responds to the needs of over 100 eligible business classes on an ISO BOP form. Premiums starting at $159, competitive commissions, easy underwriting and a self-rating application should make this product an easy sell. The RLI Home Business policy is designed for small retail and service risk operated from the insured's residence and presenting minimal product liability, professional liability and off premises exposure.
Coverage Highlights
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| Business Personal Property Protection |
Both at home and while temporarily off premises |
| General Liability Coverage |
Up to $1 million |
| Loss of Business Income Protection |
For up to 12 months |
| Medical Payments |
Up to $5000 per person, for customers injured on your premises |
| Theft Coverage |
including away from premises |
| Deductible |
Modest deductible |
| Money & Securities |
Optional coverage for up to $10,000 on premises/$5,000 temporarily off premises available |
| Electronic Data |
Included up to $10,000 annual aggregate |
| Additional Insureds |
Coverage available fro Controlling interest, owner or lessor of leases land, manager or lessor of premises, lessor of leased equipment, co-owner of insured premises, grantor of Franchise, or state/political subdivision |
Eligibility
What qualifies as an Home Business? An Home Business includes a retail or service business operated from the insured's place of residence and having the below characteristics. The In-home Business must:
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Be operated by the insured and/or another immediate family member who resides in insured's household,
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Employ no more than ten (10) employees, other than independent contractors or distributors,
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Be incidental to the occupancy of the building as a private residence,
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Have a maximum of $50,000 business personal property, and
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Have a maximum gross annual sales/receipts derived from the business activity of $250,000 for sales or merchandise or $500,000 for a service business.
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Quick Links and Resources
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Mail the completed application, terrorism form and a check payable to Insurors of Tennessee for the premium to
Insurors of Tennessee
Attn: RLI
2500 21st Avenue South, Suite 200
Nashville, TN 37212
RLI SubAgent Number
to receive a subagent number complete this application and e-mail rli@insurors.org with your agency name and contact info.
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Questions?
Contact the RLI Department at 615.515.2605 or rli@insurors.org
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