Fill Out a Valid Cg 20 10 07 04 Liability Endorsement Form Fill Out Your Document

Fill Out a Valid Cg 20 10 07 04 Liability Endorsement Form

The Cg 20 10 07 04 Liability Endorsement form is an important document in commercial general liability insurance. It allows certain individuals or organizations to be added as additional insureds under a policy, providing them with coverage for specific liabilities. Understanding this endorsement is crucial for businesses to ensure they meet contractual obligations and protect themselves adequately.

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Form Overview

Fact Name Details
Policy Number CG 20 10 12 19
Purpose This endorsement adds additional insured status for owners, lessees, or contractors as specified in the schedule.
Coverage Scope Covers liability for bodily injury, property damage, or personal and advertising injury caused by your acts or omissions during ongoing operations.
Exclusions Coverage does not apply if the work has been completed or if the injury arises after the work has been put to its intended use.
Limits of Insurance The maximum amount payable is the lesser of the contractually required coverage or the available limits under the policy.
Governing Law Applicable laws vary by state. Refer to state-specific regulations for detailed governance.

Documents used along the form

The CG 20 10 07 04 Liability Endorsement form is an important document in the realm of commercial general liability insurance. It helps ensure that additional insured parties are covered under specific circumstances. Along with this endorsement, several other forms and documents are commonly used to provide a comprehensive insurance framework. Below is a list of related documents that may accompany the CG 20 10 07 04 form.

  • Certificate of Insurance: This document provides proof of insurance coverage. It outlines the types of coverage, policy limits, and the insured parties, making it essential for demonstrating compliance with contractual requirements.
  • Additional Insured Endorsement: Similar to the CG 20 10 07 04 form, this endorsement extends coverage to additional insured parties. It specifies the circumstances under which these parties are protected under the policy.
  • Contractual Liability Endorsement: This endorsement modifies the policy to cover liabilities assumed under a contract. It’s crucial for businesses that enter into contracts where they agree to take on certain risks.
  • Exclusion Endorsement: This document specifies certain exclusions to the coverage. It helps clarify what is not covered under the policy, providing both the insurer and insured with a clear understanding of limitations.
  • Waiver of Subrogation: This form prevents the insurance company from pursuing a third party for damages after a claim has been paid. It is often included in contracts to protect the interests of both parties.
  • Policy Declarations Page: This page summarizes the key details of the insurance policy, including the insured, coverage limits, and effective dates. It serves as a quick reference for the policyholder.
  • Endorsement Schedule: This document lists all endorsements attached to the policy. It helps track changes and additions made to the original coverage terms.
  • Claims Reporting Form: This form is used to report any claims made under the policy. It provides the insurer with necessary details to process the claim efficiently.

Understanding these documents can help ensure that businesses are adequately protected and compliant with their insurance obligations. Each form plays a specific role in the overall insurance strategy, helping to manage risks effectively.

Document Sample

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.

CG 20 10 12 19

© 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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© Insurance Services Office, Inc., 2018

CG 20 10 12 19