When an employee visits the dwelling, each day of work counts as a visit; e.g., one employee visiting on six days would exceed our desired risk appetite.
Agents will see a question related to whether there is a business on the premises on the Property Review tab in the Portal.
Openly's state-specific guidelines for this question are twofold: the first is to determine if a business is operated from the household, and the second is to establish the frequency of customer visits to the business.
The two questions asked are:
1. Does the Named Insured (or other household members) operate a business from the household?
- The critical aspect of this question is whether customers come to the insured location to conduct transactions.
- Is the business a daycare? Is it a daycare where the named insured collects payment to care for multiple children who are not family or household members?
- If there is a daycare business at the insured location, Openly does not have an underwriting appetite for those risks, excluding Maine and Oregon.
2. How many customers / employees visit the home monthly? If a business is conducted at the insured location and customers come to the home, how many typically visit each month?
- Openly does not have an underwriting appetite for those risks if there are more than five customer / employee visits per month.
- For eligible homes with less than five customer / employee visits per month, coverage will not apply for a loss if it is connected to a business conducted from an insured location.
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