What it does

IM 7215 is AAIS's Electronic Data Processing Income Coverage, filed by carriers alongside IM 7200. Carrier schedules also show a related AAIS-numbered Interruption of Web Site Income Coverage (IM 7229). AAIS (American Association of Insurance Services) publishes this form in its Inland Marine Guide, a multistate program of inland marine forms, rules and rating procedures that AAIS member insurers adopt. AAIS numbers its inland marine forms with the IM prefix and four digits, which distinguishes them from ISO's CM and IH forms.

Who needs it

Firms that lose revenue when their systems are down: online sellers, processors, call centers and service firms.

Quoting and selling notes

Ask for revenue dependent on systems, restoration time and extra expense needs. Cyber business interruption from hacking is usually a separate cyber policy exposure.

Before presenting it

AAIS forms are available to member insurers, and carriers often add their own endorsements or edition changes. Obtain the carrier's specimen and review covered property, property not covered, exclusions, valuation, deductible and coinsurance or reporting conditions with the insured.

Related forms

IM 7200.