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7/29/2019 ISO 2013 Lines Changes
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Whats New in ISOs
Commercial Lines Programs
AICP Gulf States E-Day
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I S O C o m m e r c i a l L i n e s C h a n g e s
am a ways rea y o earn a oug o no a ways e e ng aug .
Winston Churchill
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2013 Commercial Lines MultistateFilings
ISO Program | Implementation beginning. Commercial property April 2013 General liability April 2013
Umbrella/excess April 2013
Capital assets April 2013 Inland marine April 2013
Equipment breakdown April 2013
Businessowners July 2013
Market segments July 2013
Crime & fidelity August 2013
Financial institutions September 2013
Commercial auto October 2013
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ISO Commercial Lines Changes
Commercial Property
April 2013 implementation date
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Commercial Property Multistate:Policy Form
Electronic data (building control systems) Vegetative roof
Personal property in portable storage unit
Described premises related revisions (100 feetfrom the building or premises described)
Debris removal
Water damage
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Commercial Property Multistate:Endorsements
Secondary dependencies (time element)Supply chain vulnerability
Food contamination
Discharge from sewer, drain or sump (not flood-related)
Increase in rebuilding cost following disaster
Interruption in wastewater removal service
Production and processing operations(rental properties)
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Commercial Property Multistate:Other
Introduce rating / statistical reportingclassifications for:
oSolar panels (field arrays)
-
oElectric vehicle charging stations
Community Mitigation/Public Protection
Classification Revisions
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ISO Commercial Lines Changes
General Liability
Umbrella/Excess Liability
April 2013 implementation date
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ISO General Liability Program2012 Multistate Revision
Program revisions include: Coverage form revisions
Endorsement revisions
New endorsement options
Highlights Include: Revisions to the CGL liquor
liability exclusions to address
BYO Establishments
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Manual revisions Introduction of several
classifications
ew c ass cat ons, oss costsand ELPs for BYO
establishments
New and revised additional
insured endorsement options
Primary and noncontributory
endorsement option
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ISO Umbrella/Excess Liability2012 Multistate Revisions
Program revisions include: Track applicable GL revisions
Coverage form revisions
Endorsement revisions
Highlights include: Introduction of a condominium,
co-ops, associations
directors and officers liability
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New endorsement options
Introduction of various optional
exclusion endorsements for
use with the commercial
excess liability program
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ISO Commercial Lines Changes
July 2013 implementation date
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Businessowners Multistate Formand Endorsement Revisions
Updates complementing recent revisions made to
ISOs commercial property and general liability
programs
-
for photography servicesoPhotography endorsement (BP 07 83)
oPhotography makeup and hairstyling (BP 07 84)
oPhotography amendment of coverage territory for photographicequipment worldwide coverage (BP 07 87)
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Restaurants: Bring Your Own AlcoholEstablishments Classifications
Newly added businessowners classifications addressing
BYO restaurant establishments
09671 bistros, brasseries and cafes bring your own alcohol
09681 diners bring your own alcohol establishments with
no sales of alcoholic beverages
09691 family-style restaurants bring your own alcohol
establishments with no sales of alcoholic beverages
09451 fine dining bring your own alcohol establishments
with no sales of alcoholic beverages
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ISO Commercial Lines Changes
Crime & Fidelity
August 2013 implementation date
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ISO Crime & Fidelity ProgramMultistate Revision
New and revised forms for commercial andgovernment entities
oRevised and combined computer fraud and funds transfer fraud
nsur ng agreemen s
o Introduced a data security breach exclusion in response
to Retail Ventures, Inc. v. National Union Fire Insurance Company
oRevised the money definition to include electronic deposits in the
insureds account at a financial institution
oProvided new endorsements to expand coverage territory
worldwide
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ISO Commercial Lines Changes
Financial Institutions
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ISO Financial Institutions ProgramMultistate Revision
Newly introduced Credit union and mortgage bankers
policies
Implemented beginning September 2012
Final hase of the ISO financial institutions
crime program roll out Newly introduced data security breach exclusion in
response to Retail Ventures, Inc. v. National Union Fire
Insurance Company
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ISO Commercial Lines Changes
Commercial Automobile
October 2013 implementation date
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Commercial Automobile2013 Program Update
Introduction of auto dealers programoAuto dealers coverage form introduced
oGarage coverage form withdrawn
o gn can num er o new, rev se , an w rawn
endorsements and declarations
oNew and updated rules and loss costs
oRelated commercial umbrella form and rule revisions to
be filed
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Commercial Automobile2013 Program Update
Auto dealers coverage formoOne-stop shopping for auto dealer risks
oBundles commonly requested coverages, such as
,
personal injury and advertising injury (PI & AI)
oIncludes newly developed Acts, Errors,
and Omissions coverage section
oCustomizable via endorsement(s)
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Commercial Automobile2013 Program Update
26 new optional endorsements, notably:
oEmployee Benefit Liability Coverage provides E&O coverage related
to the administration of an employee benefits program. Claims-made
basis, with ERP option
o
Limited Products Withdrawal Expense Coverage generally providesreimbursement for certain expenses incurred because of product
withdrawal with respect to a recall or tampering
oAdditional Insured Endorsements - affording insured status with
respect to GL related coverages. e.g. concessionaires trading underyour name, lessor of leased equipment, and co-owner of premises
oCustomer Complaint Legal Defense Coverage defense coverage
only, no indemnification. Subject to aggregate limit
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ISO Commercial Lines Changes
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Down the Road.
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Questions
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Contact Information
William Mauro
Manager - Commercial Casualty
Wmauro@iso.com(201) 469-2704
No part of this presentation may be copied or redistributed without the prior writtenconsent of ISO. This material was used exclusively as an exhibit to an oral
presentation. It may not be, nor should it be relied upon as reflecting, a completerecord of the discussion.
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