Product Update

Expanded Commercial Umbrella Liability Form Discussions in Commercial Liability Insurance

This Commercial Liability Insurance (CLI) release begins an expansion of the analysis given to the commercial umbrella liability coverage form of Insurance Services Office, Inc. (ISO). While a wide variety of coverage provisions and policy formats still mark commercial umbrella insurance, there has been a steady movement in the last decade or so toward aligning umbrella policies more closely with the structure and language of the standard commercial general liability policy. The model for this evolution in umbrella coverage has been the ISO commercial umbrella form, so it makes sense to devote some analytical attention to it in CLI. Over the next few releases, we will provide a detailed annotation of the ISO form—comparable to the treatment we give the standard CGL coverage form elsewhere in the service. The first installment, included with this release, covers the ISO umbrella insuring agreement. Remaining sections of the coverage form will be treated in the releases that follow.

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