Business Exposures for the Personal Lines Insured
March 9, 2022 • 8:00 a.m. - 11:00 a.m.
Mishell K. Magnusson, CIC, CISR, CPIA, AAI, FIPC 

There are many sources of activities that could be considered a “business” as defined by the Homeowners and Personal Auto Policy.  Insured’s (as well as agents and brokers) may have no idea that their activities may be considered a business activity.  Business activities can occur whether a person is an employee of others or is self-employed.  Revenue-generating hobbies may also be considered a business activity.  

According to The National Alliance for Insurance Education and Research, Home-based business is a $427,000,000 a year industry; Over 12% of all U.S. households operate a full or part-time home-based business; In addition, between 34 and 36 million households have an active home office.  

It is not always easy to determine if an insured’s activity will be considered a “business” on the homeowners and/or personal auto policy.  We should all be concerned with Transportation Network Systems as well as Home Sharing.  In this presentation, we will explore these. 

3 CE Credit 

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