View this article online: https://www.insurancejournal.com/news/east/2010/03/17/108204.htm

Mutual Service Organization Offers ‘Green’ Products Endorsement

In response to the trend towards use of more energy efficient and environmentally friendly “green” products and materials, The Mutual Service Office, Inc. (MSO) has introduced a green upgrade supplemental coverage endorsement for its commercial property program. Highlights of the endorsement include:

• An additional limit (available in 5% increments of the Coverage A limit) for the increased costs to repair or replace damaged property with “green” property that meets the standards of a “green authority.”
• A sub-limit of 25% of the additional amount of coverage may be used for green related costs such as design and engineering professional fees, re-certification fees and ventilation expenses.
• An extension to the period of indemnity for up to 30 days when the restoration time is increased due to the additional time required to make repairs or replace property with “green” materials.

MSO’s Green Endorsement is currently available in Pennsylvania and Maryland. Filings are pending in Delaware, New Jersey and New York, and will be made in all states where MSO operates.

MSO said it will work with companies to customize the program to meet a company’s marketing and underwriting requirements.

Future plans include green coverage endorsements for all other programs, including personal lines and business owners.

Glen Rock, N.J.-based MSO provides customized rating and statistical services for small and mid-sized insurers.

Source: MSO