Summary:

ISO has introduced proposed filings which will add two mandatory cyber incident exclusion endorsements and in addition will amend the spoilage coverage endorsement so that the provisions of either of the two cyber exclusion endorsements will also apply to such coverage. The endorsements being filed will apply to both Commercial Property and Businessowners policies. However, the filing has not yet been made for the Businessowners endorsements so there is no proposed effective date at this time for those endorsements. The proposed effective date for the commercial property endorsements is 12/1/20.

One of the two cyber incident exclusion endorsements must be attached to every policy providing property coverage, with the exception of the Mortgageholders Errors And Omissions Coverage Form CP 00 70.