USE AND OCCUPANCY INSURANCE

Blanket
Coinsurance
Use and
Occupancy
Form

too do the earnings of other classes of business fluctuate
according to weather conditions or other indefinite
seasonal influences. It is necessary therefore, to select
the form which is most adaptable to the particular
characteristics of the earnings under consideration.
Usually, a standard form will cover all phases of a business.
 However, where necessary, special forms may be
obtained to meet the special conditions which surround
certain types of business.
The earnings of many present-day enterprises fluctuate
 in such a manner that it would be quite impossible
to estimate at the beginning of any policy year the
periods of busy or slack operations. To meet the need
for a comprehensive coverage on this type of earnings,
the Coinsurance Use and Occupancy form was devised.
For sake of comparison we shall liken it to a blanket
fire insurance policy form. The Coinsurance Use and
Occupancy form provides blanket cover without specifying
 a daily or weekly limit of liability. All that is
necessary to secure proper protection is the maintenance
 of sufficient insurance to comply with the coinsurance
 provision of the policy.

The earnings of a department store offer a good
example of retail distribution which could be advanta.
geously insured under the Blanket Coinsurance form.
[t should not be difficult for the average department
store operator to approximate closely the full annual
ousiness expected during a next ensuing twelve-month
period, but it might be difficult for him to foresee the
fluctuations of these earnings and the periods during
which they will occur. The Blanket Coinsurance
form covers this situation with a minimum of guess.
work.
However this is not meant to imply that the Blanket
Coinsurance form is not readily adaptable to cover the
earnings of the producer (manufacturer), wholesale dis.
tributor, or “Service” organization. Always the type
of earnings will have a bearing on the selection of the
most desirable form.
The Blanket Coinsurance form is divided into two
nsuring items, as follows:
tem I. g........On (a) the net profit which is thereby prevented from being
earned and
4) such charges and other expenses, including salaries of
officers—executives—department managers—employees

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