What it does
CR 04 16 adds an insuring agreement for toll charges run up when an unauthorized person gains access to the insured's telephone system. Such charges are not loss of money, securities or other property under the base forms.
Who needs it
Businesses with their own phone systems (PBX or hosted VoIP) that could be hijacked for long-distance or premium-rate calls: call centers, hotels, hospitals, offices.
How it fits the policy
Optional insuring agreements like this one are not part of the base forms. When attached, the agreement and its limit and deductible are shown in the declarations under the insuring agreements added by endorsement, and the agreement is subject to the base form's general exclusions and conditions, including the discovery or loss sustained trigger of the form it is attached to. ISO's forms index lists the current edition for 52 jurisdictions.
Quoting and selling notes
- Ask about the phone system and whether default passwords are changed.
- Limits are usually modest; carriers may require security measures.
Related forms
See CR 04 13.
