What it does
OP 15 05 appears in a carrier's Capital Assets Program filing as Utility Services – Time Element, covering income loss from off-premises utility interruption.
Who needs it
Businesses whose operations stop when utilities fail.
Quoting and selling notes
Review waiting periods and limits; quote with OP 04 06.
Before presenting it
Ask the carrier for the specimen and walk the insured through covered property, causes of loss, exclusions, valuation, deductibles and sublimits before relying on this summary.
How it fits
Capital Assets Program endorsements change only the provisions they name in OP 00 01; the rest of the coverage form and its declarations (OP DS 01, OP DS 02) continue to apply. When presenting a quote, list each OP endorsement with its schedule entries (locations, limits, deductibles) and compare the package with the equivalent commercial property (CP) forms if the insured is weighing both programs.
