RLI Profile
RLI Corp., an established insurance holding company, operates as a key player in the property and casualty insurance sectors across the United States and globally. The company's diverse portfolio includes three main segments: Casualty, Property, and Surety, each offering specialized insurance products tailored to meet the needs of commercial and personal clients.
The Casualty segment provides a comprehensive range of coverage products, encompassing general liability for various commercial insureds such as manufacturers, contractors, and apartment complexes. Additionally, it offers specialized coverages for security guards, onshore energy-related businesses, and environmental liabilities, including underground storage tanks and asbestos remediation specialists. Professional liability coverages focus on errors and omissions for small to medium-sized professionals in design, technical, and miscellaneous fields.
In the Property segment, RLI Corp. delivers commercial property insurance, cargo insurance, marine liability, and homeowners' insurance products, ensuring robust coverage across diverse property-related risks. The company's Surety segment specializes in commercial surety bonds for medium to large businesses, as well as small bonds for businesses and individuals, including contractors.
Founded in 1965 and headquartered in Peoria, Illinois, RLI Corp. markets its extensive range of insurance products through branch offices, brokers, carrier partners, and independent agents. The company's strategic approach to underwriting and risk management underscores its commitment to delivering reliable insurance solutions and maintaining its position as a trusted partner in the insurance industry.
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