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WHEATON, Ill., May 6, 2004-- Several new property and liability endorsements are featured in a countrywide filing of the AAIS Businessowners Program (BOP) whose effective dates range from Oct. 1, 2004 to March 1, 2005 in different states.
The revised AAIS BOP introduces a countrywide manual with state exception pages, and it expands eligibility to restaurants, warehouses, wholesale operations, and more than 20 new types of retail operations.
Two new endorsements, one providing installation floater coverage, and the other providing coverage for installation tools and equipment, are being introduced to recognize the growing use of BOP policies to cover businesses with regular off-premises exposures for installation operations.
Another form of optional inland marine coverage is made available through a new builders' risk endorsement, which provides coverage for building property that is under construction.
Also, a new endorsement for "Computer Virus and Computer Hacking Coverage" allows the insured to buy back first-party coverage that is specifically excluded in the new base forms.
In the liability area, several new endorsements are introduced to amend the pollution exclusion built into the base forms. Two of them broaden the pollution exclusion to exclude coverage for cleanup costs; one of the two includes an exception for pollution arising from a hostile fire or building heating equipment.
Three endorsements expand pollution coverage under the program by providing exceptions to the built-in pollution exclusion. One provides coverage for a pollution event that begins during the policy period and ends within 48 hours; another provides coverage for specified pollutants listed in a schedule that accompanies the endorsement, and a third makes limited pollution liability coverage availability under a separate aggregate limit.
For information on affiliating with AAIS for use of its BOP, contact Joyce Tignino, vice president of marketing and industry relations, at
joycet@AAISonline.com, or by calling 800/564-AAIS.
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