September 2011 Dec Page

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Article of the Month

The Insurance Services Office (ISO) has developed a home business insurance coverage endorsement, HO 07 01 05 11. This can be used to insure a home business. With many insureds opening and running a business from their own homes, and with many people telecommuting at least one day per week, this endorsement can be attached to a homeowners policy in order to provide property coverages for insureds. The coverage afforded by the home-based business coverage endorsement will adequately address the needs of the insured for his home-based business exposures.

The ISO Home Business Insurance Coverage—Property article provides the following information for insureds who have home-based business property exposures: coverage eligibility; policy definitions, coverages, exclusions, and conditions; and endorsements that can be used to modify HO 07 01. 

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