Additional Interest – Page 2 – Business Insurance Coverage

“Your Work” Exclusion on CGL Policy

Additional Insured, Additional Interest, Business Owners Package Policy, CGL Commercial General Liability, Claims, Coverage, Homeowners, Insurance claim or case example, Insurance Companies, paperless advise, risk management
June 22, 2020

Insurance isn’t a warranty. It doesn’t replace faulty work or products, but it does cover the Bodily Injury (BI) and Property Damage (PD) caused by the faulty work or product. The exclusion of faulty work often referred to as “your work”. One of the most contested provisions of the commercial general liability (CGL) policy is the provision excluding coverage for property damage to the insured’s completed work. In 1986 Insurance Services Office, Inc. (ISO), revised the standard CGL policy form to include an exception to this exclusion if a subcontractor performed the work for the insured. This revision has become… Read More »“Your Work” Exclusion on CGL Policy

What is Additional Insured?

Additional Insured, Additional Interest
July 26, 2008

If you have business insurance policy than there is always a chance some one who you deal with can ask to be named as additional insured. There are several different types of additional insured. Let’s look at the most common ones, but before a little of terminology:Insured – you and your company a. Additional Insured – Designated Person or Organization Coverage may be provided for designated person or organization as an additional insured with respect to their liability arising out of the insureds operations or premises owned by or rented to this insured. b. Additional Insured – Manager or Lessors… Read More »What is Additional Insured?