The CG 20 10 07 04 Liability Endorsement form is a crucial document in commercial general liability insurance. It designates specific individuals or organizations as additional insureds, providing them with coverage for certain liabilities arising from the actions of the insured. Understanding this endorsement is essential for ensuring proper protection in contractual agreements and ongoing operations.
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The CG 20 10 07 04 Liability Endorsement form is an important addition to a Commercial General Liability (CGL) policy, specifically designed to extend coverage to additional insured parties. This endorsement allows owners, lessees, or contractors to be included as insured entities, but only for specific liabilities related to bodily injury, property damage, or personal and advertising injury. Coverage is applicable only when these liabilities arise from the actions or omissions of the policyholder or their representatives during ongoing operations at designated locations. It is crucial to note that the endorsement is subject to limitations; for instance, the insurance provided does not extend to incidents occurring after the completion of all work associated with a project. Furthermore, if the contract stipulates a certain level of coverage for the additional insured, the endorsement will not offer more protection than what the policyholder is legally required to provide. The limits of insurance for the additional insured are also capped, ensuring that the coverage does not exceed the contractual obligations or the policy's available limits. Understanding these key aspects is essential for both policyholders and additional insureds to navigate their responsibilities and rights effectively.
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What is the purpose of the CG 20 10 07 04 Liability Endorsement?
This endorsement adds additional insured status to certain individuals or organizations specified in the policy. It protects them against liability for bodily injury, property damage, or personal and advertising injury that arises from your actions or the actions of those acting on your behalf during ongoing operations.
Who qualifies as an additional insured under this endorsement?
The additional insureds are those individuals or organizations listed in the endorsement's schedule. They are covered only for liabilities that result from your operations at the designated locations.
What types of liabilities are covered?
The endorsement covers liabilities related to bodily injury, property damage, and personal and advertising injury. However, this coverage is limited to incidents arising from your actions or those acting on your behalf.
Are there any limitations on the coverage for additional insureds?
Yes, the coverage is limited in two main ways. First, it only applies to the extent permitted by law. Second, if the coverage is required by a contract, it cannot be broader than what the contract specifies. This ensures that the coverage aligns with contractual obligations.
What exclusions apply to the coverage provided to additional insureds?
The coverage does not apply to bodily injury or property damage that occurs after all work related to the project has been completed. Additionally, if the work has been put to its intended use by someone other than another contractor or subcontractor, coverage will not apply.
How does this endorsement affect the limits of insurance?
The endorsement does not increase the limits of insurance. If the coverage for the additional insured is required by a contract, the maximum amount payable is either the amount specified in the contract or the applicable limits of insurance, whichever is less.
Is there a requirement for the additional insured to be named in the policy?
Yes, the additional insured must be specifically named in the endorsement's schedule for coverage to apply. This ensures clarity about who is covered under the policy.
What should policyholders do to ensure compliance with this endorsement?
Policyholders should carefully review their contracts and agreements to understand the requirements for additional insured coverage. It is essential to ensure that the named additional insureds are in line with what is required and to maintain accurate records of operations at the designated locations.
When filling out the CG 20 10 07 04 Liability Endorsement form, it’s essential to follow certain guidelines to ensure accuracy and compliance. Here are six things you should and shouldn’t do: