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Last Revised:
November 26, 2008
Home Based Business
GUIDELINES
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Operations must be limited to office and or retail;
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Owned and operated solely by one family;
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Run exclusively from the Insured’s own home;
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Application must be completed
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Name of Manufacturer of any products being distributed by the Insured must be provided;
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Legal name must be noted on the application;
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Basic Deductible – $500.00
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Gross receipts are limited as follows:
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Office – 200,000
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Retail – 50,000
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Unsupported Business refer to Broker
Examples of Acceptable Retail Operations (if the operation is not listed please refer to Broker)
- Artists & Drafting Supplies
- Bake Shops (no deep frying)
Barber & Beauty Salons- Bathroom, Rattan & Wicker
- Bicycles & Supplies
- Books & Stationery
- Camera & Photo supplies
- China, Glassware, Pottery
- Clothing
- Computers (Sales only, no programming)
Fabric, Notions, Sewing machines- Florists
- Food Specialties
- Furniture & Appliances
- Gifts & Novelties
- Hobby
- Kitchen Accessories
- Luggage & Leather Goods
- Musical Instruments & CD’s/Tapes
- Office Equipment
- Optical Goods & Hearing Aids
Paint & Wallpaper- Pets & Supplies
- Shoes & Boots
- Sporting Goods
- Toys
BED ‘N BREAKFAST
No other activities (Bed & Breakfast only)
Maximum 2 suites/rooms
- Homeowner Coverage & GRC, if dwelling qualifies
- General Dwelling, if dwelling does not qualify for GRC or Homeowner coverage
Contact an MMFI Broker near you for more details
Information provided by underwriting@mmfi.com