Summary: Insurance Services Office (ISO) developed the Home Business Insurance Coverage endorsement HO 07 01 05 11 in 2000, which may be used to insure a home business. The latest revision of the form came with the 2022 homeowners program with form HO 07 01 03 22.
When this endorsement is attached to a homeowners coverage form, Section I provides coverage for the described business and for personal property and Section II provides some liability coverage in relation to the business. Coverage C special limits of liability are expanded, and additional coverages are added. Definitions are amended or added following the coverage provided.
This discussion is split into several sections. Endorsements that may be used with the HO 07 01 are included at the end of this discussion. The sections are as follows:
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