What are general liability endorsements?

What are general liability endorsements?

Additional insured endorsement adds someone other than you to your insurance policy – most often general liability insurance. It extends your insurance to a third party, such as a subcontractor doing work for you. This would protect that entity against third-party lawsuits or commercial property damage.

What is a broad form vendors endorsement?

Vendors broad form protects vendors from injuries incurred by others due to faulty or toxic products they are selling or distributing on behalf of a manufacturer. This products liability vendor’s endorsement should name the vendor as an additional insured under the policy.

What is a cg2503?

CG 25 03 05 09 B. For all sums which the insured becomes legally. obligated to pay as damages caused by. “occurrences” under Section I – Coverage A, and. for all medical expenses caused by accidents.

What is a designated locations general aggregate limit?

The Designated Location General Aggregate. Limit is the most we will pay for the sum of all. damages under Coverage A, except. damages because of “bodily injury” or.

What is a CG 20 26 endorsement?

This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART. SCHEDULE Name of Person or Organization: (If no entry appears above, information required to complete this endorsement will be shown in the Declarations as applicable to this endorsement.)

What is the purpose of an endorsement?

An endorsement, also known as a rider, adds, deletes, excludes or changes insurance coverage. An endorsement/rider can also be used to increase standard limits of coverage and take precedent over the original agreement or policy.

What is a named insured endorsement?

An Individual Named Insured Endorsement protects individuals or sole proprietors who have vehicles they use for personal or non-business use listed on their commercial auto insurance policy.

What is an additional insured endorsement?

Additional insured (AI) endorsements are a common occurrence in businesses in which one party hires another to provide a product or service.

What is primary and noncontributory endorsement?

Primary designates that one party’s liability policy is responsible for responding to a claim first before another entity’s policy applies. Noncontributory stops the primary party’s insurer from seeking contribution from the other entity’s policy for paying a claim.

What is a completed operations endorsement?

Products-completed operations is a form of insurance coverage that protects you from customer lawsuits alleging property damage or injury due to your product or completed service.

What is a per location aggregate endorsement?

The “Per Location Aggregate” endorsement provides each listed insured location with its own aggregate limit of coverage under the policy. Many agents however are unfamiliar with the treatment that umbrella carriers give to aggregate limits.

How does a general aggregate limit work?

The General Aggregate Limit: A Critical Concept The general aggregate limit places a ceiling on the insurer’s obligation to pay for property damage, bodily injury, medical expenses, lawsuits, and so on, which may arise during the tenure of the insurance policy.

What does CG 20 37 04 13 stand for?


Additional Insured – owners, lessees or CONTRACTORS – completed operations This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PARTPRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART SCHEDULE

What is an endorsement on a manufacturer’s policy?

Adds a designated person or organization (a vendor) as an additional insured to a manufacturer’s or distributor’s policy to protect them for liability arising out of sale or distribution of the named insured’s products. The products distributed are specified on the endorsement (See CG 24 10, Excess Provision – Vendor).