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One such endorsement, CG 2032 Additional InsuredEngineers, Architects or Surveyors Not Engaged by the Named Insured is specifically drafted to address the exposure architects and engineers have from Contractors working on the same project.
What is the benefit of being named additional insured?
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.
What is cg 2033?
The name of the CG 2033 is ADDITIONAL INSURED OWNERS, LESSEES OR CONTRACTORS AUTOMATIC STATUS WHEN REQUIRED IN CONSTRUCTION AGREEMENT WITH YOU. Some insurance companies have their own version of the CG2033 form and it can be broader or more restrictive.
What is a cg 20-33 endorsement?
The CG 20 33 07 04 endorsement, entitled Additional Insured-Owners, Lessees or Contractors-Automatic Status When Required in Construction Agreement With You, provides coverage to any person or organization for whom you [the named insured] are performing operations when you and such person or organization have agreed
What is the difference between CG 2010 and 2033?
There is also a risk of being under-insured or uninsured as additional insureds. Second, there is the risk of breaching a contract, thus potentially becoming the insurer of the other party when they are the party obligated to provide additional insured coverage.
Additional Insured Endorsements - Sonoma County - CA.gov
We require additional insured endorsements to cover us on a primary and non-contributory basis so that there is no involvement of our self-insured retention.
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