Are Donations Made to Non-Profits Covered in a Business Income Loss?
Business income and extra expense coverage can be difficult claims to handle, and filling out the business income worksheet must be done with care. In this question, an agent asks…
Business Income
Verisk to Introduce Significant Updates to the Businessowners Policy Program
Citing “climate change, changing lifestyles and new technologies,” Verisk will update the Businessowners (BOP) program with “significant enhancements.” Read on for an overview of the expected changes.
Major Coverage Enhancements Coming to the ISO Businessowners Program
After taking a sharp hit at the start of the pandemic, small business formation has rebounded, giving insurers an opportunity to target new customers.The ISO Businessowners program was developed to…
Round Out Your Accounts with a Business Owners Policy
A few recent articles highlight how many Americans, especially Millennials, supplement their income with side gigs. A side gig is work people start in addition to their main jobs. Side…
Back to Basics – What is the Business Owners Policy?
The business owners policy (BOP) is one of the most widely used commercial insurance policies designed to protect small-to-medium sized business owners. While the Insurance Services Office ISO form is…
Back to Basics – An Introduction to Business Interruption Insurance
Many agents struggle to understand business interruption (BI) insurance, also called business income insurance. This important coverage protects business owners if a covered property loss, or in some cases government…
Advanced Commercial Lines
Advanced Commercial Lines
DBAs: Back Again, With a Not Necessarily Surprising Decision
Massachusetts highest court refuses to expand coverage beyond “DBA” in named insured, resulting in no coverage for $14m consent judgment in April 2022. Read on to learn more.
Business Income and the Supposed Ambiguity of “…Direct Physical Loss of or Damage To…”
Is the phrase, “…direct physical loss of or damage to…” ambiguous? Plaintiff attorneys are trying to convince courts that it is. Simply, it’s not, and this article explains why.
One (or Two) Key Property Loss Provision(s) Attorneys Keep Forgetting
Plaintiff’s attorneys are looking for any and every means possible to trigger business income coverage from COVID-related shutdowns. One method is asserting that the presence of a virus on surfaces…
