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When purchased together, coverage under CG 20 10 10 01 and CG 20 37 10 01 together was equivalent to coverage under the old CG 20 10 11 85. The insurance industry again modified these standard forms in July 2004, releasing CG 20 10 07 04 and CG 20 37 07 04.
A significant difference between the CG 20 10 and CG 20 33, is CG 20 33s requirement that there must be a written contract or agreement between the additional insured and the named insured. As a way to explain the significance of the written contract requirement, imagine a custom home building project.
The letters indicate the type of coverage: CG = General Liability; CA = Commercial Auto; CF = Property.
IRS Form 1099-R provides information on benefits paid and amounts withheld for federal income tax. A copy of the form should be included with federal income tax filings if any federal tax is withheld. PERS will report the same information to the IRS for each retiree who is sent a form.
The CG 20 10 covers the additional insured with respect to liability caused by your ongoing operations. Ongoing operations does not include completed operations. Therefore, the current form CG 20 10 does not include completed operations coverage for the additional insured.
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