What is an additional insured endorsement?

What is an additional insured endorsement?

An additional insured extends liability insurance coverage beyond the named insured to include other individuals or groups. An additional insured endorsement protects the additional insured under the named insurer’s policy allowing them to file a claim if sued.

What is a CG 2037 endorsement?

The CG 20 37 – Additional Insured – Owners, Lessees or Contractors – Completed Operations has been specifically written to provide coverage to the additional insured for certain bodily injury or property damage claims that occur after the project is finished.

How do I get an additional insured endorsement?

Once you know the name and address of the company or individual that you want to add to your coverage, get in contact with your insurer and make the request. Even though you’re not taking out a new policy, the endorsement will appear as a separate document under your policy.

What does CG mean in insurance?

Common ISO Additional Insured Endorsements. Equivalent Endorsements. CG 20 10 04 13: Additional Insured – Owners, Lessees or Contractors – Scheduled Person or Organization. CG 20 37 04 13: Additional Insured – Owners, Lessees Or Contractors – Completed Operations.

What is cg2026 endorsement?

ADDITIONAL INSURED – DESIGNATED PERSON OR ORGANIZATION. This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART.

What is the completed operations endorsement?

Products-completed operations is a form of insurance coverage that protects you from customer lawsuits alleging property damage or injury due to your product or completed service.

What is a CG 2010?

This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART. WHO IS AN INSURED (Section II) is amended to include as an insured the person or organization shown in the Schedule, but only with respect to liability arising out of “your work” for that insured by or for you.

What is blanket additional insured mean?

Why Additional Insured Are So Important A blanket additional insured endorsement is a form of additional insured language through which a named insured can extend their coverage to multiple third parties without having to specifically name or request additional insured status for each one.