Commercial General Liability Insurance Hiscox Pro Program

We hope you, your family and loved ones are all staying healthy.

The California Department of Insurance recently issued Bulletin 2020-3, which directs licensed or admitted insurance companies to review existing personal and commercial lines policies for possible premium refunds, credits and reductions in response to the novel coronavirus (COVID-19) pandemic. Where a policyholder’s activities have been curtailed severely by the pandemic, projected loss exposures may be overstated or misclassified. Therefore, insurers are to review policies and make premium adjustments where appropriate. Originally, the Department’s directive was limited to the months of March and April. The Department has since issued Bulletins 2020-4 and 2020-8 which extends the directive to include May and June respectively.

Our records indicate that Hiscox Insurance Company Inc. provided Commercial General Liability Insurance to one or more of your customers covered by the Bulletin. Hiscox has issued refunds for California Commercial General Liability Insurance policies that were in effect during the months of March, April, May, or June 2020.

If your customer’s business continues to experience a substantial change in its activities due to the COVID-19 pandemic and you would like to have its policy further reviewed by Hiscox, please contact a Hiscox underwriter.

Please be aware that any premium adjustments made in response to Bulletins 2020-3, 2020-4, and 2020-8 will be subject to applicable underwriting guidelines, including but not limited to any minimum premium requirements as per our filed rates. Furthermore, any premium adjustments that result in a refund or credit may require the return of commission previously paid to your firm. Additional instructions on the return of commission will be provided in a separate communication.

Stay healthy and stay safe.

Hiscox