• Restaurants. The restaurant classification was restructured to account for different categories of restaurant types: full service( previously casual dining), quick service( previously fast food), and a new category for specialty restaurants. •
COVERAGE NEWS new endorsements automatically grant additional insured status to another party if a written contract or agreement with the named insured requires it.
• Exclusion— all hazards in connection with an electronic smoking device. This endorsement precludes coverage for bodily injury, property damage, or personal and advertising injury related to electronic smoking devices and their components.
• Auto service risks. This endorsement expands coverage to better address the unique exposures of auto service businesses.
Noteworthy Revised Endorsements
• Protective safeguards. New conditions in this endorsement require the insured to maintain the protective safeguards in complete working order, notify the insurer of any suspension, and ensure any automatic systems are activated.
• Ordinance or law coverage. This endorsement now includes a postloss ordinance or law option, which means coverage can apply even if the relevant ordinance or law is put into effect after a loss but before reconstruction begins.
• Exclusion— volunteer workers as insureds. This endorsement was revised with a new exclusion for volunteer workers operating aircraft, autos, and watercraft, as they do not qualify as " insureds " under this endorsement.
• Waiver of transfer of rights of recovery against others to us( waiver of subrogation). The language in this endorsement was broadened to accommodate a wider variety of situations where the insured has agreed to waive subrogation.
REVISED CLASSIFICATIONS
The update to the businessowners program also includes a major restructuring of several business classifications.
• Auto service risks. This is a new category that includes businesses like auto body shops, car
washes, tire dealers, and quick lube shops.
• Contractors. The contractor classification has been expanded to include new types of services such as cleaning services, handypersons, and swimming pool cleaning or maintenance.
• Restaurants. The restaurant classification was restructured to account for different categories of restaurant types: full service( previously casual dining), quick service( previously fast food), and a new category for specialty restaurants. •
Edgar Martinez is the principal research analyst and editor for Businessowners Policy and Endorsement Analysis and Practical Risk Management. He also contributes material to several IRMI references including Commercial Auto Insurance, IRMI Workers Comp, and Personal Risk Management and Insurance. Martinez received his master of business administration and master of science in business analytics with honors from the University of Texas at Dallas.
8 / 23
HIRING DECISIONS LEAD TO BIG QUESTIONS.
Is my �nal candidate naturally persuasive?
Will they excel at customer service?
YOU DON’ T HAVE TO WONDER.
The Caliper Pro�le can predict that.
Hiring mistakes are a costly drain on your time and resources. You can help avoid them by relying on Talogy’ s Caliper Profile to understand if the job candidate sitting before you has what it takes.
As a scientifically validated assessment tool, Talogy’ s Caliper Profile accurately predicts a person’ s potential for success, giving you targeted results to power talent decisions. For example, 70 % of job candidates matched by Talogy’ s Caliper Pro�le consistently meet or exceed their sales or performance targets.
Big“ I” members receive exclusive discount pricing on the Caliper Profile, along with a savings of 10 % on other hiring assessments and staff development tools.
VISIT TALOGY. COM / IIABA
BUSINESS RESOURCES.
NOVEMBER / DECEMBER 2025
29