Commercial Insurance Endorsements
What Are Commercial Insurance Endorsements? Commercial insurance endorsements is a common phrase used by insurance service providers, brokers, and lawyers but is vastly unknown to business owners. The short explanation is that commercial insurance endorsements are a document that accompanies the insurance policy, which either adds, removes, or changes coverage in some way.
However, the question you're probably asking is, what does having an endorsement change in the coverage offered? Every insurance policy has a standard coverage form. A general liability form for commercial property is usually CP0010 and the CG0001 form. Both forms provide some sort of baseline coverage and are used across a myriad of industries in every policy regardless of size.
Lumping every business in North America into one or a similar policy is a bad idea because all businesses don't necessarily want the same type of insurance, and in some cases, this can be overkill. Then there are businesses that are far too risky for insurance companies to insure via the standardized form, and they require a "monoline policy."
What are commercial insurance endorsements? So these high-risk businesses will need coverage that's beyond what's considered the standard. The endorsement is what customizes the insurance product to the needs of the insurance carrier and customer alike.
What are commercial insurance endorsements? Business insurance endorsements modify the standard commercial insurance policy forms to either add, delete, or exclude certain types of coverage.
- Does My Business Insurance Policy Need Commercial Insurance Endorsements?
- What Is Considered A Good Commercial Insurance Endorsement?
- What Is Considered A Bad Commercial Insurance Endorsement?
- How Can Commercial Insurance Endorsements Change My Policy?
- What Are The Commercial Property Insurance Endorsements?
- What Are The Commercial General Liability Insurance Endorsements?
- What Are The Commercial Auto Insurance Endorsements?
Does My Business Insurance Policy Need Commercial Insurance Endorsements?
The common perception is that having endorsements is bad when changes are being made to the standard insuring agreements. While we agree that endorsements could be bad, but they also are good at the same time.
An endorsement can do something simple as adding clarity or define a specific type of coverage. At times it is used to add coverage that is otherwise excluded in the policy.
One thing you can be sure of is that commercial insurance endorsements will always be on your policy. What are commercial insurance endorsements? However, you aren't going to know if they are beneficial for sure or maybe add more risk to the business until you read the specific endorsements.
What Is Considered A Good Commercial Insurance Endorsement?
One of the questions that people ask is how do we know if an endorsement is good? Well, we've put together a few typical instances of good or beneficial endorsements.
Enhancements For Your Industry
What are commercial insurance endorsements? Over the past few years, it has become a common practice amongst insurers to have an enhancement endorsement for the industries that they are catering to. Usually, there is a list of coverage that isn't included in the regular or standard forms.
A common instance of this is that a contractor's enhancement endorsement will usually include coverage for all hand tools and property transit. The enhancements are either given for free or they can be had at a lower rate as opposed to if you were to purchase them individually.
This is a good endorsement because it will add coverage to your standard insurance if you're a contractor.
Additional Insured Endorsements
Now, these happen to be pretty common in most industries. It may be required by a vendor, landlord, or customer, but most businesses are already familiar with it.
Adding it helps to change the original liability coverage, usually from just covering you to now covering an entity beyond you. Take the instance of a plumbing contractor who did some work that resulted in extensive water damage to the client's property; having an additional insured endorsement will help cover the plumbing contractor and the general contractor that was listed in the endorsement.
What Is Considered A Bad Commercial Insurance Endorsement?
As stated in the previous section, some endorsements will add coverage that wasn't originally in the form. However, some endorsements will also alter and remove coverage which is detrimental.
The technique is often used to mitigate and lower the risk associated with some businesses. Below is a brief list of the type of insurance endorsements that commonly take coverage away negatively.
Protective Safeguard Endorsements
It is a way for the applicant to have a couple of protective features which allow them to protect their personal property like a sprinkler, burglar alarm, or a fire alarm, for that matter. However, the endorsement will state that your claim will not be entertained if you don't have or don't maintain this equipment.
Take the instance of a restaurant where large and open flames are quite common, the insurance endorsement will state that they will not pay a claim if the sprinkler system does not work. In other words, the insured is responsible for avoiding and mitigating disasters.
Many companies or businesses that operate in higher-risk industries like energy or construction will often have to deal with an endorsement that covers specific trades that were mentioned in the application.
Take, for instance, if you provide electrical repair services, the limitation would mean that your business will not be covered if you were also repairing sewer lines. The operations limitation is meant to prevent companies and individuals from performing operations that offer new risks without having to first notify the insurance service provider.
What are commercial insurance endorsements? If you are dealing with a similar endorsement, make sure that you review it with your insurance broker each year to ensure that the business still falls within the policy's operational limits.
How Can Commercial Insurance Endorsements Change My Policy?
Many commercial insurance policies will include a state-specific endorsement that alters your contract's conditions so that it fits the guidelines and the laws of the state where the policy is based.
Usually, this will relate to renewal, cancellation, and the non-renewal process. Also, outlining how the administrative tasks are to be handled.
It is important to be clear here that these endorsements aren't adding or even removing coverage but instead further detailing the duties and processes required by your business in the state of its incorporation.
What Are The Commercial Property Insurance Endorsements?
This list identifies endorsements by form number and title available to modify or attach to the Insurance Services Office (ISO) Commercial Property Program. It is intended for use with the following:
- CP 01 40-Exclusion of Loss Due to Virus or Bacteria
- CP 03 20-Multiple Deductible Form
- CP 03 21-Windstorm or Hail Percentage Deductible
- CP 03 29-Deductibles by Location
- CP 04 01-Brands and Labels
- CP 04 02-Increased Cost of Loss and Related Expenses for Green Upgrades
- CP 04 04-Specified Business Personal Property Temporarily Away From Premises
- CP 04 05-Ordinance or Law Coverage
- CP 04 07-Pollutant Clean Up and Removal Additional Aggregate Limit of Insurance
- CP 04 08-Higher Limits
- CP 04 09-Increase in Rebuilding Expenses Following Disaster (Additional Expense Coverage on Annual Aggregate Basis)
- CP 04 10-Electrical Apparatus
- CP 04 11-Protective Safeguards
- CP 04 14-Limited Coverage for Unmanned Aircraft (Scheduled and/or Unmanned Aircraft)
- CP 04 15-Debris Removal Additional Limit of Insurance
- CP 04 17-Utility Services-Direct Damage
- CP 04 25-Newly Acquired or Constructed Property-Increased Limit
- CP 04 26-Ordinance of Law Coverage for Tenants Interest in Improvements and Betterments (Tenant's Policy)
- CP 04 30-Electronic Commerce (E-Commerce)
- CP 04 31-Changes-Fungus, Wet Rot, Dry Rot, and Bacteria
- CP 04 32-Business Personal Property Limited International Coverage
- CP 04 33-Property in Process of Manufacture by Others Limited International Coverage
- CP 04 38-Functional Building Valuation
- CP 04 39-Functional Personal Property Valuation (Other Than Stock)
- CP 04 40-Spoilage Coverage
- CP 04 50-Vacancy Permit
- CP 04 60-Vacancy Changes
- CP 10 10-Causes of Loss-Basic Form
- CP 10 20-Causes of Loss-Broad Form
- CP 10 28-Earthquake and Volcanic Eruption Coverage with Flat-Dollar Deductible
- CP 10 29-Earthquake and Volcanic Eruption Coverage (Sub-Limit Form with Flat-Dollar Deductible)
- CP 10 30-Causes of Loss-Special Form
- CP 10 33-Theft Exclusion
- CP 10 34-Exclusion of Loss Due to By-products of Production or Processing Operations (Rental Properties)
- CP 10 35-Watercraft Exclusion
- CP 10 36-Limitations on Coverage for Roof Surfacing
- CP 10 37-Radioactive Contamination
- CP 10 38-Discharge from Sewer, Drain, or Sump (Not Flood-related)
- CP 10 39-Sprinkler Leakage-Earthquake Extension
- CP 10 40-Earthquake and Volcanic Eruption Coverage with Percentage Deductible
- CP 10 41-Earthquake Inception Extension
- CP 10 44-Theft of Building Materials and Supplies (Other than Builders Risk)
- CP 10 45-Earthquake and Volcanic Eruption Coverage (Sub-limit Form with Percentage Deductible)
- CP 10 46-Equipment Breakdown Cause of Loss
- CP 10 47-Suspension or Reinstatement of Coverage for Loss Caused by Breakdown of Certain Equipment
- CP 10 51-Grain Properties-Explosion Limitation
- CP 10 54-Windstorm or Hail Exclusion
- CP 10 55-Vandalism Exclusion
- CP 10 56-Sprinkler Leakage Exclusion
- CP 10 60-Molten Material
- CP 10 65-Flood Coverage
- CP 10 70-Pier and Wharf Additional Covered Causes of Loss
- CP 12 11-Burglary and Robbery Protective Systems
- CP 12 18-Loss Payable Provisions
- CP 12 19-Additional Insured-Building Owner
- CP 12 30-Peak Season Limit of Insurance
- CP 12 32-Limitation on Loss Settlement-Blanket Insurance (Margin Clause)
- CP 12 70-Joint or Disputed Loss Agreement
- CP 13 10-Value Reporting Form
- CP 13 20-Additional Locations-Special Coinsurance Provisions
- CP 13 30-Agricultural Products Storage
- CP 14 01-Scheduled Building Property - Tenant's Policy
- CP 14 02-Unscheduled Building Property - Tenant's Policy
- CP 14 10-Additional Covered Property
- CP 14 15-Additional Building Property
- CP 14 20-Additional Property Not Covered
- CP 14 30-Outdoor Trees, Shrubs, and Plants
- CP 14 40-Outdoor Signs
- CP 14 50-Radio or Television Antennas
- CP 14 60-Leased Property
- CP 19 10-Your Business Personal Property-Separation of Coverage
- CP 99 02-Manufacturers' Consequential Loss Assumption
- CP 99 05-Distilled Spirits and Wines Market Value
- CP 99 10-Alcoholic Beverages Tax Exclusion
- CP 99 20-Contributing Insurance
- CP 99 30-Manufacturers' Selling Price
- CP 99 31-Market Value-Stock
- CP 99 42-Storage or Repairs Limited Liability
- CP 99 92-Household Personal Property Coverage
- CP 99 93-Tentative Rates
- IL 00 03-Calculation of Premium
- IL 09 35-Exclusion of Certain Computer-Related Losses
What Are The Commercial General Liability Insurance Endorsements?
This list identifies endorsements by form number and title that are available to modify or attach to the Insurance Services Office (ISO) Commercial General Liability Coverage Forms. It does not include forms or endorsements that apply to other ISO coverage forms or policies, or any state specific endorsements, changes, or amendments:
- CG 02 24-Earlier Notice of Cancellation Provided By Us
- CG 03 00-Deductible Liability Insurance
- CG 03 05-Deductible Liability Insurance
- CG 04 22-Pollution Liability Coverage Extension
- CG 04 24-Coverage for Injury to Leased Workers
- CG 04 26-Coverage for Injury to Leased Workers
- CG 04 28-Pollution Exclusion-Named Peril Limited Exception for a Short-Term Pollution Event
- CG 04 29-Pollution Exclusion-Limited Exception for a Short-Term Pollution Event
- CG 04 30-Pollution Exclusion-Limited Exception for Designated Pollutant(s)
- CG 04 31-Year 2000 Computer-Related and Other Electronic Problems-Limited Coverage Options
- CG 04 32-Year 2000 Computer-Related and Other Electronic Problems-Limited Coverage Options
- CG 04 35-Employee Benefits Liability Coverage
- CG 04 36-Limited Product Withdrawal Expense Endorsement
- CG 04 37-Electronic Data Liability
- CG 04 71-Electronic Data Liability - Limited Bodily Injury Exception Not Included
- CG 04 72-Electronic Data Liability Coverage (Coverage A) with Access or Disclosure of Confidential or Personal Information Exclusion (Coverage B)
- CG 20 01-Primary and Non-Contributory-Other Insurance Condition
- CG 20 02-Additional Insured-Club Members
- CG 20 03-Additional Insured-Concessionaires Trading Under Your Name
- CG 20 04-Additional Insured-Condominium Unit Owners
- CG 20 05-Additional Insured-Controlling Interest
- CG 20 07-Additional Insured-Engineers, Architects, or Surveyors
- CG 20 08-Additional Insured-Users of Golfmobiles
- CG 20 10-Additional Insured-Owners, Lessees, or Contractors-Scheduled Person or Organization
- CG 20 11-Additional Insured-Managers or Lessors of Premises
- CG 20 12-Additional Insured-State or Governmental Agency or Subdivision or Political Subdivision-Permits or Authorizations
- CG 20 13-Additional Insured-State or Governmental Agency or Subdivision or Political Subdivision-Permits or Authorizations Relating to Premises
- CG 20 14-Additional Insured-Users of Teams, Draft, or Saddle Animals
- CG 20 15-Additional Insured-Vendors
- CG 20 17-Additional Insured-Unit-owners of Townhouse or Homeowners Associations
- CG 20 18-Additional Insured-Mortgagee, Assignee, or Receiver
- CG 20 20-Additional Insured-Charitable Institutions
- CG 20 22-Additional Insured-Church Members and Officers
- CG 20 23-Additional Insured-Executors, Administrators, Trustees, or Beneficiaries
- CG 20 24-Additional Insured-Owners or Other Interests from Whom Land Has Been Leased
- CG 20 25-Additional Insured-Elective or Appointive Executive Officers of Public Corporations
- CG 20 26-Additional Insured-Designated Person or Organization
- CG 20 27-Additional Insured-Co-Owner of Insured Premises
- CG 20 28-Additional Insured-Lessor of Leased Equipment
- CG 20 29-Additional Insured-Grantor of Franchise
- CG 20 30-Oil Or Gas Operations-Nonoperating, Working Interests
- CG 20 31-Additional Insured-Engineers, Architects, or Surveyors
- CG 20 32-Additional Insured-Engineers, Architects, or Surveyors Not Engaged by the Named Insured
- CG 20 33-Additional Insured-Owners, Lessees, or Contractors-Automatic Status When Required in a Written Construction Agreement with You
- CG 20 34-Additional Insured-Lessor of Leased Equipment-Automatic Status When Required in Lease Agreement with You
- CG 20 35-Additional Insured-Grantor of Licenses-Automatic Status When Required by Licensor
- CG 20 36-Additional Insured-Grantor of Licenses
- CG 20 37-Additional Insured-Owners, Lessees, or Contractors-Completed Operations
- CG 20 38-Additional Insured-Owners, Lessees, or Contractors-Automatic Status When Required in Written Construction Agreement
- CG 20 39-Additional Insured-Owners, Lessees, or Contractors-Automatic Status When Required in Written Construction Agreement With You (Completed Operations)
- CG 20 40-Additional Insured-Owners, Lessees, or Contractors-Automatic Status for Other Parties When Required in Written Construction Agreement (Completed Operations)
- CG 20 41-Additional Insured-Owners, Lessees, or Contractors-Completed Operations Subject to the General Aggregate
- CG 20 42-Additional Insured - Automatic Status for Designated Operations
- CG 20 43-Additional Insured - Automatic Status When Required in Written Contract or Agreement
- CG 20 44-Additional Insured - Vendors - Automatic Status When Required in Agreement (
- CG 21 00-Exclusion-All Hazards in Connection with Designated Premises
- CG 21 01-Exclusion-Athletic or Sports Participants
- CG 21 04-Exclusion-Products-Completed Operations Hazard
- CG 21 06-Exclusion - Access or Disclosure of Confidential or Personal Information and Data-Related Liability - With Limited Bodily Injury Exception
- CG 21 07- Exclusion - Access or Disclosure of Confidential or Personal Information and Data-Related Liability - Limited Bodily Injury Exception Not Included
- CG 21 08-Exclusion - Access or Disclosure of Confidential or Personal Information (Coverage B Only)
- CG 21 09-Exclusion - Unmanned Aircraft
- CG 21 10- Exclusion - Unmanned Aircraft (Coverage A Only)
- CG 21 11-Exclusion - Unmanned Aircraft (Coverage B Only)
- CG 21 16-Exclusion-Designated Professional Services
- CG 21 17-Exclusion-Movement of Buildings or Structures
- CG 21 31-Limited Exclusion-Designated Operations Covered By a Controlled (Wrap-Up) Insurance Program
- CG 21 32-Communicable Disease Exclusion
- CG 21 33-Exclusion-Designated Products
- CG 21 34-Exclusion-Designated Work
- CG 21 35-Exclusion-Coverage C-Medical Payments
- CG 21 36-Exclusion-New Entities
- CG 21 37-Exclusion-Employees and Volunteer Workers as Insureds
- CG 21 38-Exclusion-Personal and Advertising Injury
- CG 21 39-Contractual Liability Limitation
- CG 21 41-Exclusion-Intercompany Products Suits
- CG 21 42-Exclusion-Explosion, Collapse, and Underground Property Damage Hazard (Specified Operations)
- CG 21 43-Exclusion-Explosion, Collapse, and Underground Property Damage Hazard (Specified Operations Excepted)
- CG 21 44-Limitation of Coverage to Designated Premises or Projects
- CG 21 45-Exclusion-Damage to Premises Rented to You
- CG 21 46-Abuse or Molestation Exclusion
- CG 21 47-Employment-Related Practices Exclusion
- CG 21 49-Total Pollution Exclusion Endorsement
- CG 21 50-Amendment of Liquor Liability Exclusion
- CG 21 51-Amendment of Liquor Liability Exclusion-Exception for Scheduled Activities
- CG 21 52-Exclusion-Financial Services
- CG 21 53-Exclusion-Designated Ongoing Operations
- CG 21 54-Exclusion-Designated Operations Covered By a Controlled (Wrap-Up) Insurance Program
- CG 21 55-Total Pollution Exclusion with a Hostile Fire Exception
- CG 21 56-Exclusion-Funeral Services
- CG 21 57-Exclusion-Counseling Services
- CG 21 58-Exclusion-Professional Veterinarian Services
- CG 21 59-Exclusion-Diagnostic Testing Laboratories
- CG 21 60-Exclusion-Year 2000 Computer-Related and Other Electronic Problems
- CG 21 61-Exclusion-Year 2000 Computer-Related and Other Electronic Problems-Products/Completed Operations
- CG 21 62-Exclusion-Year 2000 Computer-Related and Other Electronic Problems-With Exception for Bodily Injury on Your Premises
- CG 21 63-Year 2000 Computer-Related and Other Electronic Problems-Exclusion of Specified Coverages for Designated Locations, Operations, Products, or Services
- CG 21 64-Year 2000 Computer-Related and Other Electronic Problems-Exclusion of Specified Coverages for Designated Products or Completed Operations
- CG 21 65-Total Pollution Exclusion with a Building Heating, Cooling, and Dehumidifying Equipment Exception and a Hostile Fire Exception
- CG 21 66-Exclusion-Volunteer Workers as Insureds
- CG 21 67-Fungi or Bacteria Exclusion
- CG 21 70-Cap on Losses from Certified Acts of Terrorism
- CG 21 71-Exclusion of Other Acts of Terrorism Committed Outside the United States; Cap on Losses from Certified Acts of Terrorism
- CG 21 73-Exclusion of Certified Acts of Terrorism
- CG 21 75-Exclusion of Certified Acts of Terrorism and Other Acts of Terrorism Committed Outside the United States
- CG 21 76-Exclusion of Punitive Damages Related to a Certified Act of Terrorism
- CG 21 80-Certified Acts of Terrorism Aggregate Limit; Cap on Losses from Certified Acts of Terrorism
- CG 21 82-Certified Acts of Terrorism Aggregate Limit; Cap on Losses from Certified Acts of Terrorism
- CG 21 84-Exclusion of Certified Acts of Nuclear, Biological, Chemical, or Radiological Acts of Terrorism; Cap on Losses from Certified Acts of Terrorism
- CG 21 86-Exclusion-Exterior Insulation and Finish Systems
- CG 21 87-Conditional Exclusion of Terrorism (Relating to Disposition of Federal Terrorism Risk Insurance Act)
- CG 21 88-Conditional Exclusion of Terrorism Involving Nuclear, Biological, or Chemical Terrorism (Relating to Disposition of Federal Terrorism Risk Insurance Act)
- CG 21 89-Conditional Limitation of Coverage for Terrorism on an Annual Aggregate Basis (Relating to Disposition of Federal Terrorism Risk Insurance Act)
- CG 21 90-Exclusion of Terrorism
- CG 21 91-Exclusion of Terrorism Involving Nuclear, Biological, or Chemical Terrorism
- CG 21 92-Limitation of Coverage for Terrorism on an Annual Aggregate Basis
- CG 21 93-Extended Reporting Period for Terrorism Coverage
- CG 21 96-Silica or Silica-Related Dust Exclusion
- CG 21 97-Abuse or Molestation Exclusion-Specified Professional Services
- CG 21 98-Total Pollution Exclusion Endorsement
- CG 21 99-Total Pollution Exclusion for Designated Products or Work
- CG 22 24-Exclusion-Inspection, Appraisal, and Survey Companies
- CG 22 27-Exclusion-Bodily Injury to Railroad Passengers
- CG 22 28-Amendment-Travel Agency Tours (Limitation of Coverage)
- CG 22 29-Exclusion-Property Entrusted
- CG 22 30-Exclusion-Corporal Punishment
- CG 22 31-Exclusion-Riot, Civil Commotion, or Mob Action-Governmental Subdivisions
- CG 22 32-Exclusion-Professional Services-Blood Banks
- CG 22 33-Exclusion-Testing or Consulting Errors and Omissions
- CG 22 34-Exclusion-Construction Management Errors and Omissions
- CG 22 36-Exclusion-Limited Products and Professional Services (Pharmacists)
- CG 22 37-Exclusion-Products and Professional Services (Optical and Hearing Aid Establishments)
- CG 22 38-Exclusion-Fiduciary or Representative Liability of Financial Institutions
- CG 22 39-Exclusion-Camps or Campgrounds
- CG 22 40-Exclusion-Medical Payments to Children Day Care Centers
- CG 22 41-Exclusion-Housing Projects Sites
- CG 22 42-Exclusion-Existence or Maintenance of Streets, Roads, Highways, or Bridges
- CG 22 43-Exclusion-Engineers, Architects, or Surveyors Professional Liability
- CG 22 44-Exclusion-Services Furnished By Health Care Providers
- CG 22 45-Exclusion-Specified Therapeutic or Cosmetic Services
- CG 22 46-Exclusion-Rolling Stock-Railroad Construction
- CG 22 47-Exclusion-Saline Substances Contamination
- CG 22 48-Exclusion-Insurance and Related Operations
- CG 22 50-Exclusion-Failure to Supply
- CG 22 51-Exclusion-Law Enforcement Activities
- CG 22 52-Exclusion-Medical Payments Coverage (Inmates, Patients, or Prisoners)
- CG 22 53-Exclusion-Laundry and Dry Cleaning Damage
- CG 22 54-Exclusion-Logging and Lumbering Operations
- CG 22 56-Exclusion-Injury to Volunteer Firefighters
- CG 22 57-Exclusion-Underground Resources and Equipment
- CG 22 58-Exclusion-Described Hazards (Carnivals, Circuses, and Fairs)
- CG 22 60-Limitation of Coverage-Real Estate Operations
- CG 22 62-Underground Resources and Equipment Coverage
- CG 22 63-Stevedoring Operations Limited Completed Operations Coverage
- CG 22 64-Pesticide or Herbicide Applicator Coverage
- CG 22 65-Optical and Hearing Aid Establishments
- CG 22 66-Misdelivery of Liquid Products Coverage
- CG 22 67-Corporal Punishment
- CG 22 68-Operations of Customers Autos on Particular Premises
- CG 22 69-Pharmacists
- CG 22 70-Real Estate Property Managed
- CG 22 71-Colleges or Schools (Limited Form)
- CG 22 72-Colleges or Schools
- CG 22 73-Exclusion-Oil or Gas Producing Operations
- CG 22 74-Limited Contractual Liability Coverage for Personal and Advertising Injury
- CG 22 75-Professional Liability Exclusion-Computer Software
- CG 22 76-Professional Liability Exclusion-Health or Exercise Clubs or Commercially Operated Health or Exercise Facilities
- CG 22 77-Professional Liability Exclusion-Computer Data Processing
- CG 22 78-Hazardous Material Contractors
- CG 22 79-Exclusion-Contractors-Professional Liability
- CG 22 80-Limited Exclusion-Contractors-Professional Liability
- CG 22 81-Exclusion-Erroneous Delivery or Mixture and Resulting Failure of Seed to Germinate-Seed Merchants
- CG 22 87-Exclusion-Adult Day Care Centers
- CG 22 88-Professional Liability Exclusion-Electronic Data Processing Services and Computer Consulting or Programming Services
- CG 22 90-Professional Liability Exclusion-Spas or Personal Enhancement Facilities
- CG 22 91-Exclusion-Telecommunication Equipment or Service Providers Errors and Omissions
- CG 22 92-Snow Plow Operations Coverage
- CG 22 93-Lawn Care Services Coverage-Limited Pollution Coverage
- CG 22 94-Exclusion-Damage to Work Performed By Subcontractors on Your Behalf
- CG 22 95-Exclusion-Damage to Work Performed By Subcontractors on Your Behalf-Designated Sites or Operations
- CG 22 96-Limited Exclusion-Personal and Advertising Injury-Lawyers
- CG 22 97-Pharmacists-Broadened Coverage
- CG 22 98-Exclusion-Internet Service Providers and Internet Access Providers Errors and Omissions
- CG 22 99-Professional Liability Exclusion-Web-Site Designers
- CG 23 01-Exclusion-Real Estate Agents or Brokers Errors or Omissions
- CG 23 02-Exclusion - Professional Services - Pharmacists
- CG 23 02-Exclusion - Professional Services - Optical and Hearing Aid Establishments
- CG 24 01-Non-Binding Arbitration
- CG 24 02-Binding Arbitration
- CG 24 03-Waiver of Charitable Immunity
- CG 24 04-Waiver of Transfer of Rights of Recovery Against Others to Us
- CG 24 05-Financial Institutions-Fiduciary Interest Only
- CG 24 06-Liquor Liability-Bring Your Own Alcohol Establishments
- CG 24 07-Products/Completed Operations Hazard Redefined
- CG 24 08-Liquor Liability
- CG 24 09-Governmental Subdivisions
- CG 24 10-Excess Provision-Vendors
- CG 24 11-Fiduciaries-Fiduciary Interest
- CG 24 12-Boats
- CG 24 13-Amendment of Personal and Advertising Injury Definition
- CG 24 14-Waiver of Governmental Immunity
- CG 24 15-Limited Pollution Liability Extension Endorsement
- CG 24 16-Canoes or Rowboats
- CG 24 17-Contractual Liability-Railroads
- CG 24 18-Seed Merchants-Coverage for Erroneous Delivery or Mixture and Resulting Failure of Seed to Germinate
- CG 24 19-Seed Merchants-Coverage for Erroneous Delivery or Mixture (Resulting Failure of Seed to Germinate Not Included)
- CG 24 20-Seed Merchants-Coverage for Erroneous Delivery or Mixture and Resulting Failure of Seed to Germinate
- CG 24 21-Seed Merchants-Coverage for Erroneous Delivery or Mixture (Resulting Failure of Seed to Germinate Not Included)
- CG 24 22-Amendment of Coverage Territory-Worldwide Coverage
- CG 24 23-Amendment of Coverage Territory-Additional Scheduled Countries
- CG 24 24-Amendment of Coverage Territory-Worldwide Coverage with Specified Exceptions
- CG 24 25-Limited Fungi or Bacteria Coverage
- CG 24 26-Amendment of Insured Contract Definition
- CG 24 27-Limited Contractual Liability-Railroads
- CG 24 50-Limited Coverage for Designated Unmanned Aircraft
- CG 24 51-Limited Coverage for Designated Unmanned Aircraft (Coverage A Only)
- CG 24 52-Limited Coverage for Designated Unmanned Aircraft (Coverage B Only)
- CG 24 53-Waiver of Transfer of Rights of Recovery Against Others to Us - Automatic
- CG 24 54-Automatic Insured Status for Newly Acquired or Formed Limited Liability Companies
- CG 25 46-Designated Location(s) Aggregate Limit
- CG 25 47-Designated Project(s) Aggregate Limit
- CG 25 48-Designated Location(s) Aggregate Limit
- CG 25 02-Amendment of Limits of Insurance
- CG 25 03-Designated Construction Project(s) General Aggregate Limit
- CG 25 04-Designated Location(s) General Aggregate Limit
- CG 25 14-Designated Location(s) Aggregate Limit
- CG 25 45-Designated Project(s) Aggregate Limit
- CG 25 46-Designated Location(s) Aggregate Limit
- CG 27 02-Exclusion of Specific Accidents, Products, Work, or Location
- CG 27 03-Amendment of Section V-Extended Reporting Periods for Specific Accidents, Products, Work, or Location
- CG 27 05-Exclusion of Specific Accidents, Products, Work, or Location
- CG 27 10-Supplemental Extended Reporting Period Endorsement
- CG 27 11-Supplemental Extended Reporting Period Endorsement for Specific Accidents, Products, Work, or Locations
- CG 27 15-Extended Reporting Period Endorsement for Employee Benefits Liability Coverage
- CG 34 01-Additional Insured-Managers or Lessors of Premises-Liquor Liability
- CG 34 02-Additional Insured-Grantor of Franchise - Liquor Liability
- CG 34 03-Additional Insured-State or Governmental Agency or Subdivision or Political Subdivision-Permits or Authorizations - Liquor Liability
- CG 34 04-Additional Insured-Sponsor(s) - Liquor Liability
- CG 40 01-Genetically Modified Organism Exclusion
- CG 40 02-Genetically Modified Organism Exclusion for Designated Operations or Products
- CG 40 03-Exclusion - Athletic or Sports Participant - All Contests or Exhibitions
- CG 40 04-Exclusion - Earth Movement
- CG 40 05-Exclusion - Earth Movement - Completed Operations
- CG 40 06-Earth Movement - Exclusion for Designated Operation(s) or Project(s)
- CG 40 07-Exclusion-Designated Operations Covered by a Controlled (Wrap-Up) Insurance Program - Limited Exception for Additional Insureds
- CG 40 08-Limited Exclusion-Designated Operations Covered By a Controlled (Wrap-Up) Insurance Program - Limited Exception for Additional Insureds
- CG 40 09-Amendment of Liquor Liability Exclusion - Limited Exception for Bring Your own Alcohol
- CG 40 10-Exclusion - Cross Suits Liability
- CG 40 11-Exclusion - Hired Auto Liability
- CG 40 12-Exclusion - All Hazards in Connection with an Electronic Smoking Device, Its Vapor, Component Parts, Equipment and Accessories
- CG 40 13-Exclusion - All Health Hazards, Electronic Smoking Device Vapor
- CG 40 14-Cannabis Exclusion
- CG 40 15-Cannabis Exclusion with Hemp Exception
- CG 40 16-Cannabis Exclusion with Hemp and Lessors Risk Exceptions
- CG 99 09-Premium Audit Noncompliance Charge
What Are The Commercial Auto Insurance Endorsements?
This list identifies endorsements by form number and title available to modify or attach to the Insurance Services Office (ISO) Business Auto Coverage Form. It does not include forms or endorsements that apply to other ISO coverage forms or policies, or any state specific endorsements, changes or amendments:
- CA 01 21-Limited Mexico Coverage
- CA 02 38-Reinstatement of Insurance
- CA 02 40-Suspension of Insurance
- CA 03 01-Deductible Liability Coverage
- CA 03 02-Deductible Liability Coverage
- CA 04 42-Exclusion of Federal Employees Using Autos in Government Business
- CA 04 44-Waiver of Transfer of Rights of Recovery Against Others to Us (Waiver of Subrogation)
- CA 04 45-Golf Cars and Low-Speed Vehicles
- CA 04 40-Primary and Noncontributory - Other Insurance Condition
- CA 20 01-Lessor-Additional Insured and Loss Payee
- CA 20 02-Audio, Visual and Data Electronic Equipment Coverage-Fire, Police and Emergency Vehicles
- CA 20 05-Drive-Away Contractors
- CA 20 06-Driving Schools-Non-Owned Autos
- CA 20 07-Emergency Services-Fellow Volunteer Firefighters and Workers Injuries Limited Exclusion
- CA 20 08-Farm Tractors and Farm Tractors Equipment
- CA 20 09-Leasing or Rental Concerns-Contingent Coverage
- CA 20 10-Leasing or Rental Concerns-Conversion, Embezzlement Or Secretion Coverage
- CA 20 11-Leasing or Rental Concerns-Exclusion of Certain Leased Autos
- CA 20 12-Leasing or Rental Concerns-Rent-It-There/Leave-It-Here Autos
- CA 20 13-Leasing or Rental Concerns-Schedule of Limits for Owned Autos
- CA 20 14-Leasing or Rental Concerns-Second Level Coverage
- CA 20 15-Mobile Equipment
- CA 20 16-Mobile Homes Contents Coverage
- CA 20 17-Mobile Homes Contents Not Covered
- CA 20 18-Professional Services Not Covered
- CA 20 19-Repossessed Autos
- CA 20 21-Snowmobiles
- CA 20 27-Registration Plates Not Issued For a Specific Auto
- CA 20 30-Emergency Services-Volunteer Firefighters and Workers Injuries Excluded
- CA 20 33-Autos Leased, Hired, Rented, or Borrowed With Drivers-Physical Damage Coverage
- CA 20 48-Designated Insured
- CA 20 54-Employee Hired Autos
- CA 20 55-Fellow Employee Coverage
- CA 20 56-Fellow Employee Exclusions for Designated Employees/Positions
- CA 20 70-Coverage for Certain Operations In Connection With Railroads
- CA 20 71-Auto Loan/Lease Gap Coverage
- CA 20 78-Physical Damage Coverage-Autos Held for Sale by Non-Dealers
- CA 21 02-Split Bodily Injury Uninsured Motorists Coverage Limits
- CA 21 07-Split Uninsured Motorists Coverage Limits
- CA 21 46-Split Underinsured Motorists Coverage Limits
- CA 21 51-Split Underinsured Motorists Coverage Limits
- CA 23 01-Explosives
- CA 23 03-Multi-Purpose Equipment
- CA 23 04-Rolling Stores
- CA 23 05-Wrong Delivery of Liquid Products
- CA 23 08-Truckers-Excess Coverage for the Named Insured and Named Lessors for Leased Autos
- CA 23 09-Truckers-Insurance for Non-Trucking Use
- CA 23 12-Truckers-Named Lessee as Insured
- CA 23 17-Truckers-Uniform Intermodal Interchange Endorsement Form UIIE-1
- CA 23 24-Agricultural Produce Trailers-Seasonal
- CA 23 25-Coverage for Injury to Leased Workers
- CA 23 30-Motor Carrier Endorsements
- CA 23 44-Public or Livery Passenger Conveyance Exclusion
- CA 23 45-Public or Livery Passenger Conveyance and On-Demand Delivery Services
- CA 23 84-Exclusion of Terrorism
- CA 23 85-Exclusion of Terrorism Involving Nuclear, Biological or Chemical Terrorism
- CA 23 94-Silica or Silica-Related Dust Exclusion for Covered Autos Exposure
- CA 23 97-Amphibious Vehicles
- CA 23 98-Trailer Interchange Coverage
- CA 24 01-Transportation of Seasonal Or Migrant Agricultural Worker
- CA 24 02-Public Transportation Autos
- CA 26 01-Single Interest Automobile Physical Damage Insurance Policy (Individual Policy Form)
- CA 26 02-Single Interest Automobile Physical Damage Insurance Policy (Finance Master Policy Form)
- CA 26 04-Amendment of Single Interest Policy Provisions - Public or Livery Passenger Conveyance and On-Demand Delivery Services Exclusion
- CA 26 05-Single Interest Deductibles
- CA 99 03-Auto Medical Payments Coverage
- CA 99 10-Drive Other Car Coverage-Broadened Coverage for Named Individuals
- CA 99 13-Fiduciary Liability of Banks
- CA 99 14-Fire, Fire and Theft, Fire, Theft and Windstorm and Limited Specified Causes of Loss Coverages
- CA 99 15-Governmental Bodies Amendatory Endorsement
- CA 99 16-Hired Autos Specified As Covered Autos You Own
- CA 99 17-Individual Named Insured
- CA 99 23-Rental Reimbursement Coverage
- CA 99 27-Split Liability Limits
- CA 99 28-Stated Amount Insurance
- CA 99 30-Tapes, Records and Discs Coverage
- CA 99 33-Employees as Insureds
- CA 99 34-Social Service Agencies-Volunteers as Insureds
- CA 99 37-Garagekeepers Coverage
- CA 99 40-Exclusion or Excess Coverage Hazards Otherwise Insured
- CA 99 44-Loss Payable Clause
- CA 99 47-Employee as Lessor
- CA 99 48-Pollution Liability-Broadened Coverage for Covered Autos-Business Auto and Motor Carrier Coverage Forms
- CA 99 54-Covered Auto Designation Symbol
- CA 99 59-Garagekeepers Coverage-Customers' Sound Receiving Equipment
- CA 99 60-Audio, Visual and Data Electronic Equipment Coverage Added Limits
- CA 99 61-Loss Payable Clause-Audio, Visual and Data Electronic Equipment Added Limits
- CA 99 90-Optional Limits-Loss of Use Expenses
What Are Commercial Insurance Endorsements? - The Bottom Line
What are commercial insurance endorsements? Today, there are many different endorsements that can end up on an insurance policy. That does not even take into account several tailor-made endorsements that companies need to write for a specific type of client.
As a business owner or a skilled professional who is holding the policy, you must know about each of these endorsements to understand your coverage parameters.
Additional Commercial Insurance Endorsements Information
Learn about small business commercial endorsements that add, remove, or change your policy's coverage by altering the standardized coverage form.
- What Are Businessowners Policy Insurance Endorsements?
- What Are Commercial Auto Insurance Endorsements?
- What Are Commercial Crime Endorsements?
- What Are Commercial General Liability Insurance Endorsements?
- What Are Commercial Property Insurance Endorsements?
- What Are Commercial Umbrella Insurance Endorsements?
- What Are Cyber Insurance Endorsements?
- What Are Employment-Related Practices Liability Insurance Endorsements?
- What Are Farm And Ranch Insurance Endorsements?
- What Are Time Element Insurance Endorsements?
- What Are Workers Compensation Insurance Endorsements?
So commercial insurance endorsements allow you to customize your policy to better fit your business insurance needs without having to buy a new policy.
So business insurance endorsements can either modify the basic policy by removing coverages that you don’t need, or remove one or more exclusions, adding those coverages back into the policy.
There are many types of commercial insurance endorsements - and while some favor the insurer (by excluding coverage) and some benefit the insured (by adding coverage), below is a list of some of the most common uses for business insurance endorsements:
- Additional Insured: This is one of the most common endorsements that adds someone other than you to your insurance policy. It is typically required by some sort of contract. Common additional insureds are landlords, general contractors, vendors or customers.
- Administrative Changes: Newly issued policies can include mistypes, misspellings, or missing words altogether. To correct these errors, the insurer would add an endorsement, rather then having to cancel and issue a new policy. If a policyholder changes their name, an endorsement would reflect that too.
- Changing Or Adding Addresses: This endorsement covers any change to the insured's property like moving your office to a new location, or expanding to a another location.
- Deductible Changes: This endorsement manages who can change your deductible as well as when and how much it can be changed.
- Increased Limits: Occasionally companies need to add endorsements to increase the limits of insurance. For example, you'd use an endorsement to extend workers' compensation benefits not covered by state law. Or, to get a contract you need higher limits on your general liability policy.
Making a policy change usually affects your insurance premium. Anytime coverage is altered there is likely a cost associated with how the policy premium is calculated. Adding coverage usually makes the premium increase, while excluding coverage can reduce the premium you pay.
Types Of Small Business Insurance - Requirements & Regulations
Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.
Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.
Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.
Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.
Small Business Insurance Information
In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.
The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.
Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.
According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage.
Types Of Small Business Insurance
Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:
- What type of business am I running?
- What are common risks associated with this industry?
- Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
- Does my state require me to carry this type of insurance?
- Does my lender or do any of my investors require me to carry this type of policy?
A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:
|Business Insurance Policy Type||What Is Covered?|
|General Liability Insurance||What is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.|
|Workers Compensation Insurance||What is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.|
|Product Liability Insurance||What is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.|
|Commercial Property Insurance||What is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.|
|Business Owners Policy (BOP)||What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.|
|Commercial Auto Insurance||What is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.|
|Commercial Umbrella Policies||What is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.|
|Liquor Liability Insurance||What is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.|
|Professional Liability (Errors & Omissions)||What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.|
|Surety Bond||What is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).|
Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.
Business Insurance Required by Law
If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.
Your insurance agent can help you check applicable state laws so you can bring your business into compliance.
Other Types Of Small Business Insurance
There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:
- Business Interruption Insurance
- Commercial Flood Insurance
- Contractor's Insurance
- Cyber Liability
- Data Breach
- Directors and Officers
- Employment Practices Liability
- Environmental or Pollution Liability
- Management Liability
- Sexual Misconduct Liability
Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.
Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.