Home Based Business
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".
LCU Insurance Agencies is pleased to offer Home Based Business Cover.
Home Based Business Cover is a small home based business package offered as an extension on a homeowners, tenants or condominium policy through Family Insurance Solutions.
What is a home based business policy?
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.
Who Is It For?
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
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.
- Liability Extended to Business Operations including Products and Completed Operations (on and off premises) $1,000,000. Increase to $2,000,000 liability for an additional $25
- Employer's Liability Included
- Voluntary Medical Payments to customers injured on business premises $2,000
What's covered in a Home Based Business Cover Policy?
Property Coverage | Option 1 | Option 2 |
$100 Annual Premium | $150 Annual Premium | |
| Business contents on premises | $15,000 | $25,000 |
| Business contents 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 (incl bank notes/bullion) | $500 | $1,000 |
| Liability | $1,000,000 | $1,000,000 |
Liability Coverage Limits
For more information
Please contact us for more information, or for a more personal experience, come in to the office to speak with one of our friendly and knowledgeable insurance specialists.