Whats New in ISOs Commercial Lines Programs

AICP Gulf States E-Day

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I am always ready to learn although I do not always like being taught. Winston Churchill

2013 Commercial Lines Multistate Filings

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 feet from the building or premises described) Debris removal Water damage

Commercial Property Multistate: Endorsements

Secondary dependencies (time element)
Supply chain vulnerability

Food contamination Equipment breakdown option Discharge from sewer, drain or sump (not floodrelated) 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 reporting classifications for:
oSolar panels (field arrays) oFree-standing wind turbines oElectric vehicle charging stations

Community Mitigation/Public Protection Classification Revisions

ISO Commercial Lines Changes

General Liability and Umbrella/Excess Liability

April 2013 implementation date
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ISO General Liability Program 2012 Multistate Revision

Program revisions include: Coverage form revisions Endorsement revisions New endorsement options Manual revisions Introduction of several classifications Highlights Include: Revisions to the CGL liquor liability exclusions to address BYO Establishments New classifications, loss costs and ELPs for BYO establishments New and revised additional insured endorsement options Primary and noncontributory endorsement option

ISO Umbrella/Excess Liability 2012 Multistate Revisions

Program revisions include: Track applicable GL revisions Coverage form revisions Endorsement revisions New endorsement options Highlights include: Introduction of a condominium, co-ops, associations directors and officers liability coverage endorsement Introduction of various optional exclusion endorsements for use with the commercial excess liability program

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ISO Commercial Lines Changes

Businessowners

July 2013 implementation date

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Businessowners Multistate Form and Endorsement Revisions

Updates complementing recent revisions made to ISOs commercial property and general liability programs New class-specific endorsements introduced for photography services
o Photography endorsement (BP 07 83) o Photography makeup and hairstyling (BP 07 84) o Photography amendment of coverage territory for photographic equipment worldwide coverage (BP 07 87)

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Restaurants: Bring Your Own Alcohol Establishments Classifications

Newly added businessowners classifications addressing BYO restaurant establishments
09671 bistros, brasseries and cafes bring your own alcohol establishments with no sales of alcoholic beverages 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 Program Multistate Revision

New and revised forms for commercial and government entities
o Revised and combined computer fraud and funds transfer fraud insuring agreements o Introduced a data security breach exclusion in response to Retail Ventures, Inc. v. National Union Fire Insurance Company o Revised the money definition to include electronic deposits in the insureds account at a financial institution o Provided new endorsements to expand coverage territory worldwide
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ISO Commercial Lines Changes

Financial Institutions

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ISO Financial Institutions Program Multistate Revision

Newly introduced Credit union and mortgage bankers policies Implemented beginning September 2012 Final phase 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 Automobile 2013 Program Update

Introduction of auto dealers program
oAuto dealers coverage form introduced oGarage coverage form withdrawn oSignificant number of new, revised, and withdrawn 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 Automobile 2013 Program Update

Auto dealers coverage form
oOne-stop shopping for auto dealer risks oBundles commonly requested coverages, such as locations and operations medical payments, and 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 Automobile 2013 Program Update

26 new optional endorsements, notably:
o Employee 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 provides reimbursement for certain expenses incurred because of product withdrawal with respect to a recall or tampering o Additional Insured Endorsements - affording insured status with respect to GL related coverages. e.g. concessionaires trading under your name, lessor of leased equipment, and co-owner of premises o Customer Complaint Legal Defense Coverage defense coverage only, no indemnification. Subject to aggregate limit
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ISO Commercial Lines Changes

Down the Road.

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Questions

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Contact Information
William Mauro Manager - Commercial Casualty ISO Wmauro@iso.com (201) 469-2704

No part of this presentation may be copied or redistributed without the prior written consent 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 complete record of the discussion.
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