Enhanced Spectrum BOP

Nuts & Bolts:
The Hartford Financial Services Group Inc. introduced a series of enhancements to its Spectrum business owners policy. The new changes increase endorsement limits, add coverages and streamline the process of choosing an appropriate level of coverage. The Hartford further enhanced its tailored industry-specific Super Stretches by providing blanket limits of $250,000 or $350,000 (depending on the industry) that can be applied to six coverages as needed, including: Computers and media (hardware and software), debris removal, personal property of others, temperature change, accounts receivable and valuable papers and records.

The endorsement is structured into three tiers of packages: Standard Stretch, Standard Super Stretch and the tailored Super Stretch for specific industries/classes. The new Spectrum base policy broadens property coverages to reflect growing needs. It increased separate limits for both accounts receivable and for valuable papers and records, and expanded coverage to include these items when located off premises.The base policy also contains new coverage for the added costs of restoring damaged buildings to conform to current local building codes.

Dollars:
Blanket limits of $250,000 or $350,000 (depending on the industry) that can be applied to six coverages as needed.

Carrier:
The Hartford.

States Available:
Available in most states by October.

Contact:
www.thehartford.com.