Effective 4/1/2020, ISO has introduced a new multistate program designed for micro-businesses, so named for their size eligibility of 0-4 employees and maximum annual sales of $500,000. Here we will discuss the eligibility criteria and provide an overview of the new product.
May 11, 2020 at 05:49 AM
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With an effective date of 4/1/2020, ISO has implemented a new Micro-Businessowners Program. While the filing was introduced as a multistate filing, it has not at this time been filed in California, Florida, Georgia or Hawaii. This new program was added as a new section within Division Ten of the ISO Commercial Lines Manual, which contains the rules, loss costs and forms to be used with this new program.
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