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)

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oElectric vehicle charging stations

Community Mitigation/Public Protection

Classification Revisions

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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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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

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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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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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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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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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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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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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Down the Road.


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Questions

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Contact Information

William Mauro

Manager - Commercial Casualty

[email protected](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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Documents

ISO 2013 Lines Changes