Builders & Tradesmen’s Insurance Services, Inc. (BTIS), a managing general agency focused on serving small businesses with end-to-end insurance solutions, is pleased to announce the launch of a home-based business coverage – available nationwide and underwritten by specialty insurer RLI.
RLI’s Home Business Insurance protects home-based small businesses from general liability exposures and safeguards their equipment, furniture, fixtures, and inventory while they are working at home and offsite. Adequate protection for these risks is not typically provided through standard homeowners’ insurance policies.
“The country is shifting in many ways, and a large number of new businesses are operating within the home,” says Paul Holbein, Co-President of BTIS. “We strive to always meet the fluctuating demands of our customers and provide coverage options that fit their unique needs. This new partnership with RLI will help home-based businesses to excel and grow, and we are excited to be a part of their journey.”
It is estimated that almost half of all small businesses in the United States are run from home; out of 31.7 million small businesses, about 15 million are home-based. During the pandemic, a record number of new businesses were started nationwide – the third quarter of 2020 alone saw a 49% increase over the prior quarter (according to incfile). As home businesses continue to flourish, it is crucial that small business owners have adequate coverage to fully protect their business assets and livelihoods.
“We are thrilled to partner with BTIS to help serve more home-based businesses,” said Justin Doss, Vice President, Sales and Marketing, RLI Transactional Insurance Solutions. “RLI has more than two decades of experience insuring home businesses, and this partnership will allow more small business owners to have peace of mind, knowing they are protected and can focus on their occupations.”
RLI provides tailored home business insurance for 143 different home-based business classifications, including teachers, bakeries, residential inspection services, crafters, photographers, artists, personal care products, entertainers and more. Coverage is available in all 50 states with business personal property limits up to $100,000 and liability limits up to $1,000,000. RLI is an Admitted carrier and is rated A+ (Superior) by AM Best.
About BTIS
Part of the Amynta Group, BTIS is a nationwide insurance intermediary with a small business attitude that believes in building and fostering solid relationships through communication and genuine concern for their customers. BTIS offers a wide range of commercial lines and is focused on developing and implementing cutting edge technology to provide individual service, exceptional value, ease of use, and rapid turnaround times. License #0D10271
About RLI
RLI Corp. is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by AM Best Company. To learn more about RLI, visit RLICORP.COM.