DJI
+0.08%
SPX
-0.22%
IXIC
-0.51%
FTSE
-0.20%
N225
-0.22%
AXJO
-0.21%

RLI Partners with Simply Business to Enhance Small Business Professional Liability Insurance

publisher logo
Cashu
1 day ago
Cashu TLDR
  • RLI partners with Simply Business to launch tailored professional liability insurance for small businesses, enhancing risk mitigation.
  • The new insurance product addresses specific liabilities for various service sectors, reflecting RLI's commitment to small business needs.
  • RLI and Simply Business streamline access to PL coverage through a digital platform, fostering security for small business owners.
rli Logo
RLI
RLI
0.89%

Strengthening Small Business Security: RLI's Tailored Professional Liability Insurance with Simply Business

In an evolving landscape where small businesses face unique and increasingly complex liability exposures, RLI Corporation partners with Simply Business, LLC to launch a specialized professional liability (PL) insurance product. This initiative, announced on June 16, 2025, aims to empower service professionals who recognize the importance of tailored insurance solutions in mitigating risks associated with their specialized services. By expanding their collaboration that initially began in 2022, RLI and Simply Business continue to focus on providing accessible and comprehensive insurance options for small business owners navigating today's competitive environment.

The new PL insurance product reflects RLI’s commitment to addressing the distinct needs of various service sectors, including business consulting, pet and lifestyle services, creative and instructional professions, and administrative support roles. Each coverage option is designed to protect professionals against specific liabilities, such as claims of financial loss, misleading advice, injury claims, and errors in services provided. Samantha Roady, U.S. CEO of Simply Business, emphasizes that this tailored approach not only enhances the protection offered to small business owners but also reinforces the company's mission to develop insurance solutions that cater to the evolving demands of the market.

As small businesses adapt to the changing economic landscape, the ability to quickly compare quotes and purchase PL coverage through Simply Business’s digital platform significantly streamlines the process. This innovation not only simplifies access to necessary insurance but also fosters a sense of security among business owners, allowing them to focus on growth and service delivery. Jen Klobnak, RLI's Chief Operating Officer, highlights that this partnership facilitates growth in distribution channels, ultimately helping small business owners safeguard their livelihoods with the right insurance coverage tailored to their needs.

In addition to the new PL insurance offering, Simply Business continues to enhance its digital marketplace, ensuring that small business owners have access to user-friendly tools and resources. The company remains dedicated to providing flexible, customer-driven solutions, indicating a strong commitment to innovation within the insurance sector. Those interested in learning more about the professional liability insurance offerings can visit Simply Business's website for additional information.

This partnership marks a significant step in the insurance industry's response to the unique challenges faced by small businesses. By prioritizing tailored insurance solutions, RLI and Simply Business are not only addressing current demands but also setting a precedent for future developments in the insurance marketplace.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

More News

Feature in Progress
This section is under development. Check back soon for updates!
Join our newsletter to keep up to date with us!
Cashu Logo Alt
Cashu is the #1 way to stay ahead of the markets, know why your favourite stocks are moving and access valuation signals that smash the market.

© 2024 Cashu PTY LTD.