Verisk Develops New Coverage Options To Respond To Coronavirus

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.

Recent Insights