Verisk has developed two new optional endorsements for use with existing ISO commercial property business interruption coverage. The first form provides limited coverage in the event a business suspends operations due to a closure or quarantine ordered by a civil authority. The second endorsement provides coverage when a business is forced to suspend operations due to the closure or restricted use of public bus, rail or ferry lines by civil authorities. Insurers considering using such forms in the admitted market in Pennsylvania would need to make appropriate regulatory filings. A link to Verisk’s website is here.
We’re committed to staying on top of the issues of today and tomorrow, such as the ever-changing landscape involving bad faith, cyber-insurance, and insurance for advanced technology sectors, artificial intelligence players, machine learning companies, and autonomous vehicle manufacturers and users.
Alan S. Miller
Alan has more than thirty-eight years of experience in complex litigation and counseling, concentrating in the areas of environmental law, insurance coverage and bad faith, and commercial litigation. He chairs the firm’s Environmental and Energy Law practice and the Insurance Coverage and Bad Faith Litigation Practice.