Capital Assets Program

Risk & Insurance, Sept 2, 2002

Insurance Services Office Inc. has launched the ISO Capital Assets Program--a manufacturers output type policy--that enables insurers to provide large and medium commercial accounts coverage and pricing flexibility for buildings and business personal property. Insurers can also combine other types of coverage such as general liability, boiler and machinery, and crime with the new ISO program.

The program provides businesses coverage on a blanket replacement-cost basis without a coinsurance provision. It also provides options to value property at actual cash value, agreed value, or, for buildings, functional replacement cost.

Insurance Services Office Inc., 545 Washington Blvd., Jersey City, NJ 07310 For more info, select #251