Hiscox USA has expanded small business insurance offerings to professional services businesses with 10 employees or less in New York and Florida, available through direct or online channel.
Designed specifically for the small and home-office market, Hiscox Small Insurance coverage is customized for a range of knowledge-based professions including IT, management consulting, business consulting and marketing.
Customized professional liability insurance coverage can be started with as little as $22.50 a month.
The products available include professional liability insurance; general liability insurance and workers’ compensation insurance through Employers.
Professional liability insurance, general liability insurance and workers’ compensation insurance coverage are now available in Florida, while professional liability insurance and general liability insurance coverage are available in New York.
In addition, a business owners policy (BOP) will also be available by the end of 2011. The policy combines general liability with business property coverage, for example buildings, office contents and loss of electronic data.
Since the offering launched in November, small business owners in 21 states across 23 different industries have protected their businesses with Hiscox Small Business Insurance.
Hiscox USA head of US direct Kevin Kerridge said that the expansion of the offering into the New York and Florida markets is a direct response to the demand.