1. 1. A new section, Property Not Covered, was added to the endorsement that expressly outlines what is not Covered Property under this endorsement. A specimen endorsement is available and should be reviewed for understanding, but the following are some examples of Property Not Covered:
      1. Electronic data
      2. Aircraft, drones, or watercraft
      3. Real property
      4. Animals
      5. Contraband

1. 1. 18 exclusions that are industry-standard for the CGL market have been added to this endorsement. A specimen endorsement is available and should be reviewed for understanding, but a few examples include:
      1. Cyber Incidents – excludes loss of or damage to Covered Property resulting from a cyber incident; however, if a cyber incident results in a fire, we will pay for the direct loss or damage caused by that fire if the fire would have otherwise been covered by this endorsement.
      2. Electromagnetic Energy – excludes loss of or damage to Covered Property resulting from electromagnetic energy, including but not limited to solar flares.
      3. Water – excludes loss of or damage to Covered Property resulting from water, including but not limited to, flood, and seepage or leakage of water; however, if the loss of or damage to Covered Property from water results in fire, explosion, or theft, we will pay for the direct loss or damage caused by that fire, explosion, or theft if these causes of loss would have otherwise been covered by this endorsement.
      4. Missing Property – excludes coverage for loss of Covered Property if the cause of the loss cannot be identified (e.g., mysterious disappearance).
      5. Utility Services – excludes loss of or damage to Covered Property caused by the failure of power, communication, water, or other utility service, however caused, if the failure: (i) originates away from the location of the Covered Property; or (ii) involves equipment used to supply the utility service to the location from a source away from the location.

Yes. Existing customers will receive a ‘conditional renewal’ notice in accordance with their respective state’s statutes or Department of Insurance rules.

Renewal policy documents will contain a cover letter highlighting the new endorsement. They are emailed approximately 45 days before renewal.

Not at this time. Hiscox made the decision to change the policy’s terms and conditions rather than increase premium, so there is no option to remove the endorsement.

Not at this time.

All new business effective January 23, 2023 and later will have the new endorsement attached automatically. Renewals with May 20, 2023 effective dates and later will automatically have the new endorsement attached.

Yes. Quotes that are retrieved and bound after the implementation date will include the new endorsement.

Contractors Conditions and Exclusions:

• Click each link for state specific versions (IL, LA, ME, NY, OR, TX, VT).
• Click nationwide version for use in all other states.