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Risk Placement Services Inc. has launched an admitted coverage for home-based businesses underwritten by Axis Insurance Co., the specialty arm of Bermuda-based Axis Capital Holdings Ltd.
The coverage includes limits for general liability and professional liability of up to $2 million each and an optional add-on coverage for business contents of up to $10,000.
Available via www.rpssmallbusiness.com, the coverage extends to outside the policyholder’s home office, including clients’ offices, trade shows and other locations.
The customized coverage is available in all U.S. states except Florida, New York, Washington, Hawaii and Alaska, the Rolling Meadows, Illinois-based wholesale broking and managing general agent unit of Arthur J. Gallagher & Co. said in a statement Thursday.
Risk Placement Services Inc. named Mark Gallagher as the leader of its national transportation practice, replacing Jimmy Proffitt, who has retired.