ISO PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE FORMS ELIGIBILITY

(July 2024)

INTRODUCTION

There are no eligibility guidelines under the Insurance Services Office (ISO) Products/Completed Operations (P/CO) Liability Coverage Forms. Therefore, any commercial entity is eligible to purchase this coverage. Protection can be written as a monoline policy or as a coverage part of a commercial package policy.

COMMERCIAL PACKAGE POLICY RATING PLAN LIMITATIONS

A commercial package policy exists only when two or more coverage forms or parts are included in a policy. A P/CO Coverage Form could be combined with another coverage form to create a commercial package policy. This would be convenient, but the package discount is available only if two of those coverage parts are for property and premises liability. Package credit is available only at the premises where both general liability and property coverage is provided. As a result, it is highly unlikely that either of the Products/Completed Operations Liability Coverage Forms would ever qualify for ISO a package policy discount.