CG 2139 10/93 is called Contractual Liability Limitation. I am starting to see this endorsement in polices of C licensed contractors. It says it is a limitation in coverage and boy is it ever. It is limiting contractual liability to a few conditions. It is excluding CONTRACTUAL liability to the general with whom you have just entered into a CONTRACT. C licensed contractors you do not want to see this endorsement in you general liability policy.
A brand new endosement that carriers are offering is ECOBUILD. For those who would like to use more enviromentally friendly building materials in the event of a loss this endorsement is great. Ecobuild works like building ordinence coverage. There is a percentage of coverage A dwelling limit that can be used to upgrade to enviromentally sound building materials that typically cost more than the traditional building material that you had in the home prior to the loss.
1)general Liability2)workers compensation3)commercial auto4)pollution5)employment practice liability6)excess/umbrella liability
You may have purchased an umbrella policy and if so you have done the right thing. Just the act of driving a car exposes you to tremendous liability, but not all umbrella policies are the same. A TRUE UMBRELLA policy is both excess coverage beyond your underlying liability on your cars, home, boat, motorcycles etc but also broader coverage. Over my years in the insurance business I have seen claims denied on the base home or car policy, but the...
Your work exclusion and property coverage: Your general liability policy has an exclusion in the common declarations pages that excludes “your work” from property damage and products coverage. Kind of like a homeowners exclusion where you can’t be liable to yourself. Say you are building an addition and have framed a few walls. That night there is a fire and it destroys your new framing and part of the existing home. The cause of the fire is determined to be...
Cars that are readily available to drive (room mate’s, live in relative) need to be disclosed and covered. A coverage called DOC (drive other car) can be added to your policy so you have your good limits available on that other car. You may not know what limit of liability a room mate has or maybe the insurance on that other car is lapsed. You can also, add drive other car physical damage, so that car available to you has...
