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Endorsements and CGL Policy--10 01 Edition
Robert J. Marshburn, CRM, CIC, ARM, CRIS, CISC
CG 00 57 09 99—Amendment of Insuring Agreement for Known Injury or Damage (Montrose Endorsement). This formerly “mandatory endorsement” is now incorporated directly into the Insuring Agreement of the new CGL CG 00 01 10 01 edition and prevents triggering coverage for known damage.
CG 00 01 10 01 edition—Policy Insuring agreement incorporating CG 00 57 09 99 “Montrose endorsement” above for known Injury or Damage. (Also incorporates a number of revisions relating to Internet liability, trusts, volunteer workers, personal and advertising liability, definition clarifications, and other endorsements).
The ISO 07/04 Endorsements carry over many of the above changes, but additionally have a narrowing effect on coverage by deleting the "liability arising out of" standard and introducing the "caused, in whole or in part, by your acts or omissions" standard and should be analyzed in connection with the changes in the 10 01 forms above.
The ISO 04 13 Additional Insured Endorsements contain SIGNIFICANT changes dramatically limiting or deleting potential coverage and must be understood to obtain coverage by updating your Contract Requirements! Otherwise, NO COVERAGE!
Many contractors and carriers are using Wrap Policies (OCIPs, CCIPs, etc.) to cover these exposures, but they contain many dangers and gaps of their own.
Our Coverage Compliance Verification© program works to facilitate, document, and verify the contractor's compliance with your Contract Insurance Coverage Requirements
We do a considerable amount of client consulting and seminars on these and related issues and would be happy to consult with you or any of your clients. If you would like information on how our services can benefit your business, please contact us.
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