Cg 20 10 07 04 Liability Endorsement Form
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Cg 20 10 07 04 Liability Endorsement 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 |
Page 1 of 2 |
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.
Page 2 of 2 |
© Insurance Services Office, Inc., 2018 |
CG 20 10 12 19 |
Instructions on Utilizing Cg 20 10 07 04 Liability Endorsement
Completing the CG 20 10 07 04 Liability Endorsement form requires careful attention to detail. This endorsement is essential for ensuring that additional insured parties are properly documented under your commercial general liability policy. Follow these steps to accurately fill out the form.
- Locate the POLICY NUMBER section at the top of the form. Enter your commercial general liability policy number.
- In the SCHEDULE section, find the line labeled Name Of Additional Insured Person(s) Or Organization(s). List the names of the additional insured individuals or organizations.
- Next, move to the line labeled Location(s) Of Covered Operations. Specify the locations where the covered operations will take place.
- Review the Declarations section. If any required information is missing from the schedule, ensure it is included here.
- Double-check all entries for accuracy. Ensure that names and locations are spelled correctly and match the relevant contracts or agreements.
- Sign and date the form where indicated, confirming that all information is accurate and complete.
Once the form is filled out, it should be submitted according to your organization's procedures. Keep a copy for your records and ensure that the additional insured parties receive their copies as needed.
Misconceptions
Understanding the CG 20 10 07 04 Liability Endorsement form is crucial for anyone involved in commercial contracts. However, several misconceptions can lead to confusion and potential legal pitfalls. Here are five common misunderstandings:
- Misconception 1: The endorsement automatically provides full coverage for all claims.
- Misconception 2: All additional insureds receive the same level of coverage.
- Misconception 3: The endorsement covers all work done by the additional insured.
- Misconception 4: The endorsement increases the overall limits of insurance.
- Misconception 5: All injuries or damages are covered regardless of circumstances.
This is not true. The endorsement only covers claims related to "bodily injury," "property damage," or "personal and advertising injury" caused by your actions or those acting on your behalf. Coverage is limited and specific.
In reality, the coverage for additional insureds is limited to what is required by contract. If the contract specifies a lower level of coverage, that’s all that applies.
This is misleading. Coverage is limited to the ongoing operations at the designated locations. Once the work is completed, any claims related to that work fall outside the endorsement.
This is incorrect. The endorsement does not increase the applicable limits of insurance. The maximum amount payable is either what the contract requires or what is available under the policy, whichever is less.
This is a dangerous assumption. The endorsement includes specific exclusions, particularly concerning when the injury or damage occurs. If the work has been completed or the injured party is using the work improperly, coverage may be denied.
Being aware of these misconceptions can help you navigate your responsibilities and rights under the CG 20 10 07 04 Liability Endorsement form more effectively. Always consult with a legal professional for tailored advice and guidance.
Documents used along the form
The CG 20 10 07 04 Liability Endorsement form is a crucial document in the realm of commercial general liability insurance. It provides coverage for additional insured parties, ensuring they are protected against certain liabilities arising from the actions of the primary insured. Several other forms and documents often accompany this endorsement to clarify terms, outline responsibilities, and ensure compliance with contractual obligations.
- Commercial General Liability Policy (CGL): This is the main insurance policy that provides coverage for bodily injury, property damage, and personal injury. It outlines the general terms and conditions of coverage, including exclusions and limits.
- Certificate of Insurance: This document serves as proof of insurance coverage. It summarizes the types of coverage, limits, and the insured parties, and is often required by clients or third parties before commencing work.
- Additional Insured Endorsement: Similar to the CG 20 10 07 04, this document explicitly adds additional parties to the insurance policy. It details the scope of coverage for those additional insureds and any limitations that may apply.
- New York DTF 84 Form - This application is essential for businesses seeking sales tax certification as a Qualified Empire Zone Enterprise (QEZE), allowing them to take advantage of specific tax exemptions. For more information, visit nypdfforms.com/new-york-dtf-84-form/.
- Indemnity Agreement: This is a contractual arrangement where one party agrees to compensate another for certain damages or losses. It often outlines the responsibilities of each party regarding liability and may be tied to the insurance coverage provided.
- Contractor Agreement: This document outlines the terms of engagement between the contractor and the client. It specifies the scope of work, timelines, and any insurance requirements, including the necessity for additional insured status.
- Claim Reporting Form: This form is used to report incidents that may lead to a claim under the insurance policy. It gathers essential details about the event, including dates, involved parties, and a description of the incident.
Each of these documents plays a vital role in ensuring that all parties are adequately protected and informed about their rights and responsibilities. It is essential to review and understand these forms to maintain compliance and safeguard against potential liabilities.