Capital Assets Program
ISO's Capital Assets Program is an output policy that helps you provide superior coverage and flexible pricing for medium-sized to large manufacturing, industrial, habitational, commercial, retail, wholesale, service, contractors, and institutional risks.
Here's what you get
We've designed the program — which includes policy forms, endorsements, rules, and loss costs — to meet the requirements of today's customer.
With your Capital Assets Program participation, you'll also receive ISO's Capital Assets Premium Calculator software to help you rate accounts that you quote under the program. The software lets you document your pricing rationale. It also allows multiple users to store account information on a LAN. Home office staff can perform quality reviews on each account's documentation and pricing.
Our program provides blanket replacement-cost coverage, without a coinsurance provision, for buildings and business personal property. The program also includes options to value property at actual cash value, agreed value or, for buildings, functional replacement cost. And it includes built-in coverages commonly offered as add-on options in the underwriting marketplace.
You can write ISO's Capital Assets Program as a monoline policy — or package it with other ISO products, such as general liability, commercial automobile, and boiler and machinery.
ISO's Capital Assets Program basic form includes all the following key coverages:
- accounts receivable
- automatic replacement cost
- blanket building and business personal property
- brands and labels expense
- business income and extra expense
- business personal property off covered locations (worldwide)
- consequential loss
- debris removal
- electronic data
- employee theft
- fine arts
- fire extinguisher systems expense
- forgery or alteration
- installation floater
- inventory and appraisal expense
- mobile equipment
- money and securities
- ordinance or law
- pollution cleanup and removal
- property in transit
- valuable papers and records
The program also provides automatic-increase coverage for building and business personal property. And the program includes optional endorsements to add or exclude coverage and to amend the limits of insurance.