Home Based Business
PROGRAM GUIDE - ELIGIBILITY and REQUIREMENTS
Business operated out of the home
Provides Insurance Coverage for small, home based businesses with exposures that are either limited or excluded by the standard home owners product.
Our product offers liability coverage that is not currently available under the homeowners policy.
Coverage is available as:
Commercial Package Policy or Monoline Commercial General Liability
Business Personal Property coverage - Commercial General Liability coverage for Premises Operations - Products & Completed Operations.
Application
USE: HOME BASED BUSINESS - GIC HBB
Eligible Accounts:
| Accounting Service |
| Adjuster - Independent Claims Adjuster |
| Administrative Support Service |
| Advertising Agency/Advertising Specialty Items Sales |
| Appraisal Service |
| Billing Service |
| Bookkeeping Service |
| Calligraphy |
| Database Management |
| Desktop Publishing |
| Draftsmen |
| Editorial Service/Proofreaders |
| Embroidery |
| Engraving |
| Floral Arrangement |
| Insurance Inspector |
| Insurance Risk Manager |
| Management Consultant |
| Market Research |
| Medical Claims Processing/Transcriptionist |
| Monogramming |
| Musical Instrument Repair |
| Photographer |
| Picture Framing |
| Professional Organizer |
| Public Relations Consultant |
| Publisher |
| Real Estate Agents |
| Resume Service |
| Rubber Stamp Business |
| Scrapbooking |
| Secretarial Service |
| Tax Preparer |
| Translators |
| Travel Agent |
| TV/VCR Repair |
| Upholsterer |
| Wedding cake and/or Cookie Sales |
| Word Processing |
| Distributor |
| Tutors |
| Computer Repair |
| Consultants |
| Musical Instructors |
| Accountant Office |
| Piano Tuners |
| Caterers |
Property Limits
Maximum Limits is $100,000 any one risk, for Business Personal Property and Business Income.
EQUIPMENT BREAKDOWN COVERAGE
Every policy covering property (Buildings or BPP or both) automatically includes coverage for damage caused by such perils as artificially generated electrical current, mechanical breakdown, pressure equipment losses and more.
The following is just a
sample of the type equipment that can be protected by equipment breakdown coverage:
- Heating and air conditioning units
- Refrigeration units
- Computers
- Communication equipment
- Emergency Generators
- Diagnostic equipment
- Electronic equipment
General Liability
Maximum Coverage Limits:
- $1,000,000 Each Occurrence
- $2,000,000 General Aggregate
- $1,000,000 Products and Completed Operations Aggregate
- $100,000 Damage to Premises Rented to You (Fire Damage) –Any one Premises
- $5,000 Medical Expense Limit (any one person)
Coverage
We will offer Commercial General Liability Occurrence Form.
Policy Forms and Rate
Insurance Service Office and GIC Rules, Loss Cost Rates and Forms apply in all cases
Territory
State of Florida ONLY
Prohibited Classes
- Personal Fitness Trainer
- Body Massage
- Tanning
- Body Waxing
- Tattooing
- Barber or Beautician
Updated 05/11