: Documentation for SBD claims is typically sent to SBDClaims@principal.com .
Traditional insurance operates on the “basis of the contract” principle, where separate policies have distinct terms, sub-limits, and exclusions. A liability policy may exclude property damage arising from faulty workmanship, while a property policy excludes intentional acts. The gap between them is where complex losses fall. PLIC-SBD closes this gap by design. plic-sbd insurance
: Cyber policy excludes property damage from ransomware. Property policy excludes cyber-triggered losses. CGL excludes product recall costs. Business interruption has a 72-hour waiting period. Result: massive coverage gaps and litigation. : Documentation for SBD claims is typically sent