2017 renewal update

2017 was another successful renewal season for VML Insurance Programs. There are some changes to the 2017 policy documents that are highlighted below.

  • Addition of $100,000 defense coverage for injunctive relief claims
  • Enhanced Cyber Liability form, including $25,000 ransomware coverage, business interruption expense and attorney’s fees
  • Addition of Faithful Performance to all crime policies
  • Clarification of wording on deductible endorsements and Kidnap & Ransom endorsements
  • Property form clarified with the following ISO standards:
    • Vegetated roofs are included (not excluded as land)
    • Foundations under ground level (or underneath basement level) excluded
    • Clarification for terms on handling debris removal claims and claims involving party walls
  • Accidental & Health Coverage for Volunteers available

To learn more, contact your underwriter at: 800-963-6800.