SafetyNet announced today that it has launched Renter SafetyNet, an insurance program that focuses on the rental market.

“Renter SafetyNet helps landlords and tenants weather life’s toughest financial storms,” Renter SafetyNet Vice President of Produce Development Dan Murray said in a statement. “Like our original SafetyNet income-protection program, Renter SafetyNet reflects our mission for fixing significant social problems with private sector solutions.”

According to a release, the program gives landlords a lump-sum payment to cover a tenant’s rent after a layoff, illness or injury.

The program starts at $5 per month. Read the full story here.