In-Home Business

WHAT IS IN-HOME BUSINESS COVERAGE?

• Twenty-five million Americans, more than ever before, are choosing a home-based business. With the advent of internet and online businesses, owning a home business is a lot easier. With robberies, lawsuits, fire hazards, slip-and-falls, and theft, many do not have the proper insurance. Many will go out of business because of an uninsured accident.
• If you are operating a business out of your home, apartment, or condo, you should know that most homeowners’, condo, and renters’ policies do not cover losses from business activities.
• Reduce your risk…If you don’t want to risk losing your home business, you need to know about RLI’s In-Home Business Insurance Program (IBP). All the things that can happen to your home could happen to your home business - and more!

Submit the online quote form and our quote department will supply rates via email. You may also reach us by calling (504) 441-7283.

frequently asked questions regarding in-home business coverage

Who is eligible for In-Home Business Coverage?

Click here for a list of pre-qualified in-home businesses.

WHY DO I NEED IN-HOME BUSINESS COVERAGE?

• A customer slips and falls ON YOUR PREMISES, injures herself, and sues you.
• You return home to discover your house–and your office–are in flames.
• While at a trade show, your inventory is stolen from the back of your van.
• Damage to your inventory or your customers’ goods…theft coverage…medical payments to those injured on your premises…liability protection… You can obtain coverage for all this and more, for a lot less than you think.

WILL MY HOMEOWNER’S POLICY COVER THIS? PROBABLY NOT!

• Protect Your Assets…If you run a home-based business, you may not realize your standard homeowner’s insurance will not protect you against losses stemming from your business. Many homeowners’ and renters’ policies specifically exclude losses from business activities. When such losses occur, they can be devastating. You could be out of business and bankrupt, just like that.
• Unique Coverage For Home-Based Business…IBP is specifically designed for home businesses.
• Don’t count on Good Luck to protect you. Count on RLI’s IBP Insurance, and you’ll never worry about the security of your home business again.

WHAT DOES AN IN-HOME BUSINESS POLICY COVER?

• Up to $1,000,000 in Business Liability Protection;
• Your Business Property will be covered at 100% of it’s replacement value;
• $1,000 of Business Property Off-Premises Coverage is automatically included, in transit or stored at premises you do not own, lease or operate;
• Includes a business operated out of a separate garage or building, located within 100 ft. of insured’s home;
• Standard $100.00 deductible;
• Up to $5,000 per person for immediate medical payments to anyone injured on your premises;
• Also includes coverage for the loss of business income due to any named covered peril!

IS IT AFFORDABLE?

• IBP is. For as little as $150, you can receive this comprehensive protection for your home business.
• Don’t let an accident destroy your business. With comprehensive, low-priced RLI In-Home Business Policy, you can relax, knowing your business is protected.
• Call (504) 441-7283 to discover how affordable coverage can be.

WHO IS RLI INSURANCE COMPANY?

• RLI Insurance Co. is a leading niche market insurer focusing on property and casualty in-home business policies. The excellence of their performance compared to the industry’s norm, combined with their ability to meet policyholders’ obligations, have earned them an AM Best rating of A+. They are licensed to do business in all 50 states.
• Click here for a list of pre-qualified in-home businesses.

Is there a specific amount of business personal property coverage I should carry?

Yes. The limit of insurance for business personal property must equal 100% of the replacement value.

Is a business operated out of my garage or a detached building eligible?

Yes. A business operated out of the garage including a detached garage or building is eligible if located within 100 feet of the insured dwelling.

Is business personal property stored in a warehouse or on a sale at a craft consignment shop covered?

Yes. $1,000 of Business Personal property Off-Premises Coverage is automatically included in the policy. Coverage applies to covered property, other than money and securities, while it is in course of transit or temporarily stored at a premises you do not own, lease, or operate. The $1,000 limit may be increased for an additional premium.

Are dwelling buildings eligible under this policy?

No. Coverage is intended for business personal property and business pursuits only. A homeowner’s policy or renter’s policy is still needed for the dwelling and/or tenant’s personal property coverage.

For more information contact our Commercial Department directly at (504) 441-RATE (7283) or complete the quote form.