RSA Insurance - Micro/Start Up Business
Micro/Start Up Business
We recognize the importance of start-ups and micro businesses to the economy, and we are aware of the unique challenges they face.
RSA has designed the Micro package to offer affordable basic insurance coverage specifically for new companies with few or no employees, limited assets and a small turnover.
Target classes
This package is designed to meet the needs of micro businesses in the following industries:
Automobile
Business and professional services
Contracting
Retail
Eligibility
This package is available to businesses that meet the following criteria:
- Have revenue up to $50,000
- Have a maximum of one location
- Choose a Property limit of up to $100,000
- Choose a Liability limit of $1,000,000 or $2,000,000
Package highlights
We have designed this package to meet the needs of this market specifically, with benefits and limits reflecting this. The package offers your clients unique underwriting considerations: no minimum premium is required; there are no pre-qualifying criteria; no inspections are required. However, optional coverages are not available, and limits are set on the package, with no option to buy-up. This package does not include building coverage.
Coverage
Limit
Contents (Stock and/or Equipment)
$100,000 maximum (select limit)
Commercial General Liability
$1,000,000 or $2,000,000 per occurrence
Tenant’s Legal Liability
$100,000
Medical Payments
$2,500/person
Personal & Advertising Injury Liability
Commercial General Liability limit
Peak Season
Included
Accounts Receivable
$10,000
Computer Hardware
$10,000
Sign
$10,000
Valuable Papers
$10,000
Contact Monarch Insurance Brokers for more information.