Stay up to date on BOP changes with latest NUPC offering
NU's new edition of the Businessowners Policy Coverage Guide features the new Micro-Businessowners Program forms.
Keeping up with all the changes happening in the property & casualty insurance industry, especially with much of the industry’s collective attention still on COVID-19 as well as the protests and riots that have erupted in recent days after the death of George Floyd in Minneapolis, is no simple task. A round-up of the latest insurance-related legislative updates for the month of June alone had four national updates.
For business owners, the last few months have been extremely difficult. Questions about business interruption, liability and virus exclusion, among others, have been top of mind around the country. And after a historic event like COVID-19, there tends to be a significant change in policy wording or coverage options — and this is exactly the case with the Insurance Services Office Inc. (ISO).
As of April 1, 2020, ISO began implementing a new Micro-Businessowners Program designed for small businesses that do not require a businessowners policy but also do not fit within a homeowners policy. To stay up to date on the new program, NU has released the new, 7th edition of Businessowners Policy Coverage Guide to reflect this program.
This edition has been completely updated to reflect the new program, featuring:
- The new Micro-Businessowners Program forms;
- Detailed explanations of the new endorsements related to the program;
- Eligibility requirements of this new program and which businesses are suited for coverage;
- Detailed explanations and examples of how each coverage applies to certain situations and more.
The new book is designed to help insurance professionals better understand the businessowners coverages available for clients in the small-to-medium-size business market.
To learn more about the book and view purchase options, click here. Use the code BOP7 for free shipping. This offer expires on June 26.
If you have any questions about the book, contact Danielle Birdsall at dbirdsall@alm.com or (720)-895-3962.
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