The Mutual Service Office Inc. (MSO) introduces its Bed and Breakfast Businessowners policy, and it is approved for use in Maine, New Jersey and Pennsylvania.The Bed and Breakfast (B&B) filing is pending in Delaware, Maryland, New Hampshire and Vermont.
The B&B follows the format of the standard MSO BOP policy, plus specialty coverages designed to meet the unique needs of the B&B insured. The MSO B&B BOP combines property and liability provisions and conditions in one form. A specific Declarations Supplement shows the coverage enhancements and dollar sublimits.
Highlights of the flexible MSO B&B Businessowners policy include:
o "All Risk" replacement cost coverage on buildings and business personal property
o Loss of income on an actual loss sustained basis for up to one year including a 90-day restoration period extension
o Coverage enhancements for food contamination, guests' property and guests' relocation expenses
o Easily customizable declarations supplement showing coverage limits to help agents market to clients
o True exclusions, with exceptions shown as supplemental coverages, to help avoid confusion
o A streamlined rating structure that enables agents to rate a policy in minutes
In addition, if the owner lives on premises:
o Coverage for household contents; replacement cost; on and off premises
o Additional living expense
o Comprehensive personal liability
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