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What
Is It? |
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What is a home based business policy? |
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Coverage
specifically designed for your home based
business --- Home Based Business Cover
provides protection for business property
and liability exposures that are otherwise
not included in a standard residential
insurance policy. |
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Who Is
It For? |
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Is Home Based Business Cover right for my
business? |
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Home Based Business
Cover is ideal for businesses that:
Generate up to $250,000 in annual revenue
Employ a maximum of 2 non-resident
employees
Do not include hazardous operations
Do not have a US business exposure
Your insurance broker will be happy to
discuss your insurance needs with you and
will determine if your business qualifies
for Home Based Business Cover. |
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Why Do
I Need It? |
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What do I need Home Based Business Cover
for? |
|
Home Based Business
Cover offers protection for businesses at
home without the complications and high
costs associated with commercial business
policies.
Home Based Business Cover complements your
HomeCover policy by offering the perfect
combination of property and liability
coverage to fit the needs of small home
based businesses.
Home Based Business Cover is easy and
convenient to add on to your existing
HomeCover policy. |
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Coverage |
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What's covered in a Home Based Business Cover Policy? |
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Property Coverage |
Option 1 |
Option 2 |
|
Business Contents of Every
Description (including goods not yet
delivered to customers) |
$100 Annual Premium |
$150 Annual Premium |
|
On Premises |
$15,000 |
$25,000 |
|
Off Premises |
$3,000 |
$5,000 |
|
Computer Hardware |
$5,000 |
$7,000 |
|
Computer Software |
$3,000 |
$5,000 |
|
Securities or Manuscripts |
$3,000 |
$3,000 |
|
Money (including bank notes or
bullion) |
$500 |
$1,000 |
|
|
Liability Coverage |
Limits |
|
Liability Extended to Business
Operations including Products and
Completed Operations (on and off
premises) |
$1,000,000 |
|
Employer's Liability |
Included |
|
Voluntary Medical Payments to
customers injured on business
premises |
$2,000 |
|
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Additional Coverage |
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Can I increase my liability limit? |
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Increase to
$2,000,000 liability for an additional $25 |
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Peace
of mind |
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Operating a home based
business is a demanding task. Give yourself
a sense of security knowing that your hard
work will be protected if anything goes
astray. This will let you focus on running
your business instead of worrying about the
what ifs. |
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