Coverage description
A protective safeguards endorsement requires specified risk-control systems or practices, such as alarms, sprinklers, security, or protective devices. Safeguards and the consequences of impairment depend on the policy and the form.
Coverage classification
- Form type
- Endorsements
- Topics
- Property
- Product lines
- Commercial PropertyBusinessownersCommercial Package
Compare Protective safeguards endorsement forms
| Form | Intent | Safeguards | Conditions |
|---|---|---|---|
United Financial Casualty CompanyProtective Safeguards Endorsement B273 12 23 Businessowners | Conditions coverage for certain fire or theft losses. | Safeguards listed on the endorsement schedule. | Addresses known impairment without notice and failure to maintain safeguards under the insured’s control. |
Atlantic Specialty Insurance CompanyFine Arts - Packing and Protective Safeguards Condition FA VIM 203 09 26 Commercial Inland Marine | Requires upkeep of represented protective safeguards for fine arts coverage. | Safeguards represented as existing at policy inception. | The safeguard condition does not apply if equipment failure at loss was beyond the insured’s control. |
Notable clauses
“this Condition will not apply if such failure was beyond your control.”
Atlantic Specialty Insurance Company · Fine Arts - Packing and Protective Safeguards Condition · FA VIM 203 09 26
Equipment failure. The condition identifies an exception for equipment failure outside the insured’s control.
“Knew of any suspension or impairment in any protective safeguard listed in the schedule above and failed to notify us”
United Financial Casualty Company · Protective Safeguards Endorsement · B273 12 23
Notice. The exclusion addresses known impairment that was not reported.
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