ISO introduces coverage for Ebola-related business disruptions
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Insurance Services Office Inc. on Wednesday said it has developed two new coverage options to help businesses deal with potential disruptions caused by the spread of Ebola.
The first endorsement offers businesses coverage for the loss of income they face if they are ordered to close during an Ebola outbreak. The second endorsement is triggered if the government suspends public bus, rail or ferry lines.
Both endorsements are designed to complement Jersey City, New Jersey-based ISO's commercial property program and can also provide coverage when an order to close disrupts a company's supply chain, the company said.
“An Ebola outbreak could push authorities to make difficult decisions to keep people safe,” Beth Fitzgerald, president of ISO Insurance Programs and Analytic Services, said in a statement. “These optional endorsements could help businesses financially if authorities were to order them to close.”
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