Commercial General Liability (CGL)

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ISO at first filed new additional insured endorsements seeking to eliminate coverage for the AI’s sole negligence. ISO then withdrew these endorsements and refiled revised versions. This article explains the reasons for this, along with the revised wording.

A third party wants a lengthy list of additional insureds to be added to a certificate of insurance. After cajoling by the agency, the underwriter issues the AI endorsement but, along with it and over a dozen other requested endorsements, the underwriter attaches a “cross liability exclusion” endorsement. What the agent doesn’t realize is the…

Recently, our “Ask an Expert” service received a rash of “cross liability” questions. The term “cross liability” deals with whether or not one insured can sue another under a liability policy. Requests to provide this coverage under a CGL policy usually arise from ignorance on the part of people who have led someone to believe…

While there can be disagreement over the amount of recovery, the valuation of claims under most property and inland marine forms is a fairly straightforward process. In most cases, the insured has selected a valuation method…actual cash value, replacement cost, agreed amount, etc. However, when the insured has damaged someone else’s property, how is the…

How does a tenant protect himself against the building owner (or the owner’s carrier) who is seeking to recoup the cost of reconstruction to the building, in excess of the tenant’s CGL Fire Damage Legal limit, assuming the tenant was legally liable for damage caused by fire? Is there a better way to insure this…

A third party files a claim demanding replacement of property negligently damaged by your insured. Does the CGL policy respond on a replacement cost (RC) basis or actual cash value (ACV)? What if there is a contract in place that requires replacement cost, not ACV, valuation for damage?

Sometimes a contract calls for naming a party as an additional insured. On other occasions, it requests additional named insured status. So, what’s the difference and what are the advantages and disadvantages to the parties?

THIS MAY BE THE MOST IMPORTANT ARTICLE YOU READ THIS YEAR. If you insure contractors or others who must enter into agreements specifying insurance coverages and certificate language, you could be opening yourself up to lawsuits or, believe it or not, even worse. Learn how practices that many agents are involved in could be the…

Question: “I have had discussions with agents who believe that the wording in the ISO CGL policy pertaining to an “insured contract” covers the requirement to add additional insured status to a policy when required in a subcontractor’s agreement. They attach a copy of that wording in place of the additional insured endorsement. Is this…