What is a CG2010 endorsement?
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 additional insured completed operations endorsement?
CG 20 37 04 13: Additional Insured – Owners, Lessees Or Contractors – Completed Operations. Covers the additional insured for liability arising from injury or damage occurring after the work is completed.
What is CG2033?
CG2033 4/13 This additional insured endorsement is a blanket additional insured endorsement and has the following limitations and conditions: There is an automatic additional insured status provided to a party when a written contract requires the additional insured status.
What is form CG2011?
The landlord additional insured endorsement, along with the lease indemnity agreement, is designed to protect the building owner from liability claims that result from the tenant’s activities. The standard additional insured endorsement commonly issued to landlords (ISO CG2011) has recently been revised.
What is a cg2038?
ISO amended the 2013 form CG 20 38. This form is used to add a blanket additional insured to a policy. We all know that it is a common practice in construction for an owner and general contractor to require a subcontractor to name the owner and general contractor as additional insureds under the sub’s CGL policy.
Is additional insured the same as certificate holder?
Certificate holders possess proof of insurance on commercial general liability policies, while additional insureds are other parties coverage has been extended to, beyond the initial policyholders.
What is the CG 2038?
The purpose of the CG 2038 endorsement is to include not only those persons or organizations the downstream party has directly contracted with as an Additional Insured but also any other person or organization the downstream party is required to add as an Additional Insured by the terms of any direct agreement with an …
What is form cg2037?
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART. SCHEDULE. Name Of Additional Insured Person(s)
What is a 481 (a) adjustment?
The 481 (a) adjustment only comes into play when a taxpayer changes their accounting method, and we just do not see that all of the time. So as with many other items, the simplifying assumption is that you look at ‘Other Income’ on line 10 and leave it in if it appears to be recurring.
What is the new endorsement for the CGL?
For the CGL, the new endorsement is the CG 24 54 Automatic Insured Status For Newly Acquired Or Formed Limited Liability Companies. But ISO developed a similar optional endorsement for use with multiple forms. Why? Because this same insured status limitation applicable to LLCs applied in nearly every ISO general liability coverage part.
What are endorsements to the commercial general liability policy?
Endorsements to the commercial general liability (CGL) policy are highly specialized. A high percentage are either exclusionary or extend protection to distinct classes of additional insureds. Most of the remaining endorsements alter coverage for only a limited class or type of insured, or are state-specific.
When was endorsement CG 20 32 removed from the policy?
This endorsement was withdrawn from use in 2012 but reinstated in 2013. See CG 33 91 for the special Texas endorsement introduced in 2012 but withdrawn in 2013. Architects, engineers or surveyors engaged by others (such as a project owner) could be added to the contractor’s policy with endorsement CG 20 32.