Negate endorsement in ASC

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Aug 6th, 2022
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How to negate endorsement in ASC

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in this video weamp;#39;re going to understand the difference between ongoing and completed operations when contractors are hired for a job they are required to show proof of insurance and usually they have to name the individual hiring them as additional insuredamp;#39;s on the commercial general liability policy CGL but why is this important because if someone gets hurt or if something breaks while performing work on-site or even if some type of damage is found after the work has been completed both contractors and individuals hiring them are covered but what does these terms ongoing and completed ops even mean letamp;#39;s go back to basics the dictionary defines ongoing as still in process and continuing operations that are ongoing refer to work not yet completed that makes us on the other hand completed operations refers to work that has been finished on the job site for a better understanding letamp;#39;s take a look at some examples imagine a property owner hiring an electri

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An exclusion is a provision within an insurance policy that eliminates coverage for certain acts, property, types of damage or locations.
A wrap-up exclusion endorsement is used to remove coverage from a contractors insurance policies to the extent they overlap with the coverages provided for the contractor under a wrap-up insurance program.
The specific matter exclusion barred coverage for Loss on account of any Claim based upon, arising from, or in consequence of any fact, circumstance or situation underlying or alleged in any Specific Matter or any substantially similar fact, circumstance or situation. The definition of Specific Matter included a
Additional Coverage-An endorsement that adds or includes coverage that would otherwise be excluded. Exclusions- Some endorsements exclude coverage for certain types of claims. Modification of Coverage- An endorsement can expand the scope of existing coverage. Be informed of any insurance policy changes.
The endorsement (CG 21 44 11 85) limits liability coverage to the premises or project listed. It is a very limiting endorsement. If an occurrence happens away from the premises, the insured would have to show that the operation is necessary or incidental to the premises.
- Another situation where an insurance policys coverage could be modified is when the applicant is a substandard risk. In this scenario, the insurance company may limit coverage options or increase the premium rates due to the higher risk posed by the applicant.
Final answer: Additional Insureds are added to a property policy via an endorsement to extend coverage to other individuals or entities not automatically covered under the standard terms.
Permitted Incidental Occupancies (HO 04 42 10 00)This endorsement is designed to cover home office exposures and will cover business furnishings, supplies, and equipment in the insureds home. However, theres no coverage for other business property, including any retail inventory.

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