See a Sample of the Cg 2037 Ed 0413 Iso Form
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People also ask
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What is cg 20/10/04-13 additional insured?
CG 20 10 04 13: Additional Insured – Owners, Lessees or Contractors – Scheduled Person or Organization. Only protects the additional insured if the work is performed FOR the additional insured.
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What is a cg 2037 form in insurance?
In the world of insurance, policies often require specific endorsements to address unique risks and provide comprehensive coverage. One such endorsement is the CG 2037 Completed Operations Endorsement, commonly used in general liability insurance policies.
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What are additional insured endorsements?
Specifically, additional insured endorsements extend coverage to a party identified by the policyholder in the event of a claim or negligent acts. These entities usually have some degree of liability due to their relationship with the named insured.
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What are examples of additional insured endorsements?
A person or group at risk of being sued due to a connection to the primary insured's business or operations should be added as an additional insured. Examples include a landlord added to a tenant's coverage or a contractor added to a subcontractor's coverage, among others.
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Why would someone want to be listed as an additional insured?
The purpose of additional insured endorsements is to keep the burden of risk closest to those parties most likely to create losses, which typically is third parties contracted to perform the work. In managing compliance, the first step is issuing a certificate of insurance request from the third party.
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What is an example of named as additional insured?
An additional insured example would be if you were a construction company hiring a third-party subcontractor for a new project. You could, as a condition of hiring them, ask them to extend their liability coverage to list your company as an additional insured.
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What is the difference between cg 20 33 and cg 20 38?
Whereas the CG 20 33 only provides additional insured status where there is a direct written contract, the CG 20 38 extends coverage to “any other person or organization you are required to add as an additional insured under the contract or agreement.”
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When should you be added as an additional insured?
Generally, if a smaller business wants to work with a larger business, the larger business will require that the smaller add them or their people as additional insured.
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