Contractors Insurance No Comments

Additional Insured for Completed Operations

You’ve hired an HVAC subcontractor to work on your project and have asked him to provide a certificate of insurance naming you, the general contractor, as Additional Insured on his Commercial General Liability (CGL) Policy.   He is allowed to begin work only after you receive and review the certificate and the Additional Insured endorsement.  You now rest assured that, if there is a claim resulting from the sub’s work, you are fully protected.  Unfortunately, there is one more important thing you still need to do.

Most CGL policies include coverage for the Named Insured for ongoing and completed operations.  Ongoing operations coverage applies while, as the name suggests, the operations are ongoing.  Completed operations coverage applies when completed work results in an occurrence of bodily injury or property damage during the policy period. While the Named Insured may be covered for both, most Additional Insured endorsements include only ongoing operations coverage for Additional Insured.  Read more

wpengine No Comments

Completed Operations Coverage – What Does it Really Mean?

Your Commercial General Liability (CGL) policy includes Completed Operations coverage. That must mean that you have coverage if work you complete during the policy term results in a claim at some point in the future. Right? Unfortunately not.

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Contractors Insurance No Comments

Berkshire Hathaway Specialty Insurance Introduces Streamlined Coverage for Contractors

Berkshire Hathaway Specialty Insurance has just rolled out a consolidated coverage option for contractors. In what can be a grueling and time consuming process, the insurance firm has managed to streamline the process, which should mean you can focus more time on your job rather than potential litigation. The new product combines primary general liability coverage enhancements and has transformed them into a single solution.

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