Summary
In 1999, Insurance Services Office Inc introduced Market Segments (MS), designed to meet the unique needs of specific commercial niche markets. The program consists of an endorsement which wraps around an existing commercial policy, adding a package of coverages and other enhancements that are specific to the needs of an individual type of risk. For many of these Market Segment niches, the coverage enhancements include cash and receivables type protection -- such as money and securities, reward payment, money orders and counterfeit money, forgery, employee dishonesty and accounts receivable. Agents should determine what standard endorsements and coverages can be eliminated as a result of using the market segment approach.
See the full content of this document
Extract
Program Meets Needs of Commercial Niche Markets
In 1999, Insurance Services Office, Inc. (ISO) introduced Market Segments (MS), designed to meet the unique needs of specific commercial niche markets. The program consists of an endorsement which wraps around ...
See the full content of this document
Sponsored links
