The CG 20 10 07 04 Liability Endorsement form is a crucial addition to a Commercial General Liability policy, specifically designed to extend coverage to additional insured parties. This endorsement outlines the conditions under which owners, lessees, or contractors can be protected against claims for bodily injury, property damage, or personal and advertising injury linked to the insured's operations. Understanding the specifics of this endorsement is essential for both policyholders and additional insureds to ensure adequate protection and compliance with contractual obligations.
The CG 20 10 07 04 Liability Endorsement form is an essential component of the Commercial General Liability (CGL) insurance policy, specifically designed to provide coverage for additional insured parties. This endorsement modifies the existing insurance policy by extending liability protection to owners, lessees, or contractors listed in the endorsement's schedule. It covers claims related to bodily injury, property damage, or personal and advertising injury, but only when such claims arise from the acts or omissions of the insured or those acting on their behalf during ongoing operations for the additional insured at specified locations. The endorsement sets clear boundaries on the coverage, stating that it applies only to the extent permitted by law and will not exceed the coverage required by any existing contracts. Moreover, it includes specific exclusions, notably for injuries or damages occurring after the completion of work or when the work has been put to its intended use by parties other than contractors involved in the same project. Additionally, the limits of insurance for the additional insureds are constrained to either the amount specified in the contract or the applicable limits of the insurance policy, whichever is less, ensuring that the endorsement does not increase the overall insurance limits. Understanding the nuances of this endorsement is crucial for both policyholders and additional insured parties to navigate liability risks effectively.
When filling out the CG 20 10 07 04 Liability Endorsement form, it’s important to follow specific guidelines to ensure accuracy and compliance. Here’s a list of things to do and avoid:
Understanding the Cg 20 10 07 04 Liability Endorsement form is crucial for anyone involved in commercial general liability insurance. Here are four key takeaways that can help clarify its use and implications:
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POLICY NUMBER:
COMMERCIAL GENERAL LIABILITY
CG 20 10 12 19
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
ADDITIONAL INSURED – OWNERS, LESSEES OR
CONTRACTORS – SCHEDULED PERSON OR
ORGANIZATION
This endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY COVERAGE PART
SCHEDULE
Name Of Additional Insured Person(s)
Or Organization(s)
Location(s) Of Covered Operations
Information required to complete this Schedule, if not shown above, will be shown in the Declarations.
A. Section II – Who Is An Insured is amended to include as an additional insured the person(s) or organization(s) shown in the Schedule, but only with respect to liability for "bodily injury", "property damage" or "personal and advertising injury" caused, in whole or in part, by:
1.Your acts or omissions; or
2.The acts or omissions of those acting on your behalf;
in the performance of your ongoing operations for the additional insured(s) at the location(s) designated above.
However:
1.The insurance afforded to such additional insured only applies to the extent permitted by law; and
2.If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured.
B. With respect to the insurance afforded to these additional insureds, the following additional exclusions apply:
This insurance does not apply to "bodily injury" or "property damage" occurring after:
1.All work, including materials, parts or equipment furnished in connection with such work, on the project (other than service, maintenance or repairs) to be performed by or on behalf of the additional insured(s) at the location of the covered operations has been completed; or
2.That portion of "your work" out of which the injury or damage arises has been put to its intended use by any person or organization other than another contractor or subcontractor engaged in performing operations for a principal as a part of the same project.
© Insurance Services Office, Inc., 2018
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C. With respect to the insurance afforded to these additional insureds, the following is added to
Section III – Limits Of Insurance:
If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance:
1.Required by the contract or agreement; or
2.Available under the applicable limits of insurance;
whichever is less.
This endorsement shall not increase the applicable limits of insurance.
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Understanding the Cg 20 10 07 04 Liability Endorsement form can be tricky. Here are seven common misconceptions that people often have about this endorsement:
It's important to fully understand these points to ensure proper coverage and compliance with contractual obligations. Always consult with a knowledgeable professional if you have further questions about your specific situation.