The CG 20 10 07 04 Liability Endorsement form is a document that modifies a Commercial General Liability policy to include additional insured parties. This endorsement is crucial for ensuring that specific individuals or organizations are protected against certain liabilities arising from the insured's operations. It is important to understand the terms and limitations of this endorsement to ensure compliance and adequate coverage.
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When filling out and using the CG 20 10 07 04 Liability Endorsement form, there are several important points to keep in mind. Understanding these can help ensure proper coverage and compliance with contractual obligations.
The CG 20 10 07 04 Liability Endorsement form is an important document that adds additional insured parties to a commercial general liability policy. Alongside this endorsement, several other forms and documents are commonly used to ensure comprehensive coverage and compliance with contractual obligations. Below is a list of these documents, along with brief descriptions of their purposes.
Using these documents in conjunction with the CG 20 10 07 04 Liability Endorsement form helps establish clear insurance coverage and responsibilities among all parties involved. Proper documentation is vital for minimizing risks and ensuring compliance with contractual obligations.
The CG 20 10 07 04 Liability Endorsement form serves a specific function within the realm of commercial general liability insurance, primarily by designating additional insured parties. Several other documents share similar purposes or features, each serving to clarify and extend coverage in various contexts. Below are five such documents, each with a brief explanation of its similarities to the CG 20 10 07 04 form:
Tractor Bill of Sale: This essential document formalizes the sale and transfer of ownership, ensuring both parties have a clear understanding of the terms. For more details, you can customize your Bill of Sale for a Tractor.
Each of these documents plays a vital role in defining the scope of liability coverage, ensuring that all parties involved understand their rights and responsibilities. By clarifying these relationships, they help mitigate potential disputes and enhance the overall effectiveness of insurance policies.
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Accident Report Form - A standardized report for documenting employee incidents.
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Neglecting to include all required information: Ensure that you fill out the names of all additional insured parties and their locations. Missing this can lead to gaps in coverage.
Using incorrect policy numbers: Double-check the policy number before submission. An incorrect number can delay processing or result in coverage issues.
Failing to understand the coverage limits: Be clear about the limits of insurance. If the contract requires specific coverage, ensure that your endorsement reflects that.
Ignoring the exclusions: Read the exclusions carefully. Some situations may not be covered, and overlooking these can lead to unexpected liabilities.
Submitting without a review: Have someone else review the form before submission. A fresh set of eyes can catch mistakes you might have missed.
Not keeping a copy: Always retain a copy of the completed form for your records. This is important for future reference and any potential disputes.
Rushing the process: Take your time when filling out the form. Hasty submissions often lead to errors that could have been easily avoided.
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.
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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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