Product Update

Key Policy Provisions Related to Coronavirus Losses Discussed in Commercial Property Insurance

This release to Commercial Property Insurance features a new discussion of business income loss due to the coronavirus. It also expands the discussions of the provisions in the key Insurance Services Office, Inc. (ISO), commercial property forms and endorsements that are the focus of attention in the conversation about business income loss due to the coronavirus, primarily by providing additional court cases and analyses.

• Requirement of direct physical loss or damage in the business income insuring agreement in the Business Income (and Extra Expense) Coverage Form (CP 00 30)
• Requirement of direct physical loss or damage in the civil authority coverage extension in the Business Income (and Extra Expense) Coverage Form (CP 00 30)
• Loss of use exclusion in the Causes of Loss—Special Form (CP 10 30)
• Release of pollutants exclusion in the Causes of Loss—Special Form (CP 10 30)
• Exclusion of Loss Due to Virus or Bacteria Endorsement (CP 01 40)