Product Update

ISO Businessowners Program Revisions and Cannabis Exclusionary Endorsements Discussed in Commercial Property Insurance

This release to Commercial Property Insurance addresses the 2019 revisions to the Insurance Services Office, Inc., businessowners program.

The latest multistate revision to the ISO businessowners forms portfolio consists of one revised endorsement—the contractors' installation, tools, and equipment coverage endorsement (BP 07 01)—and five new exclusionary endorsements, as follows.

ISO introduced these exclusionary endorsements in response to the legalization of medical and recreational marijuana—cannabis—in many parts of the United States, since this has created new exposures that some insurers may be reluctant to cover.

The revised and new businessowners endorsements have a September 2019 edition date. They became available for use in September 2019 in a majority of jurisdictions. The approval status is shown below.

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