Insurance Terms Ongoing Operations
Standard additional insured status under a general liability policy applies only with respect to liability in connection with the named insured s ongoing operations preventing coverage from extending to the additional insured s liability for the named insured s completed operations.
Insurance terms ongoing operations. Completed operations insurance explained. Of the west 92 cal. Buying completed operations insurance transfers the risks associated with a contractor s or manufacturer s finished product to a third party even though. If not additional insured coverage under the named insured s commercial general liability cgl policy can be in doubt.
Premises and operations coverage insures a policyholder. Declaration part of a property or liability insurance policy that states the name and address of policyholder property insured its location and description the policy period premiums and supplemental information. Our insurance terms glossary is divided alphabetically by insurance terms in a quick reference guide to assist understanding the language commonly used by insurance companies. Deductible the amount of loss paid by the policyholder.
One major pitfall of additional insured endorsements comes from language regarding operations as ongoing or completed these two little words make a big difference in how and differences in. Referred to as the ìdec page î. 2000 the court explained that the revision of the endorsement to specifically include ongoing operations effectively precludes application of the endorsement s coverage to completed operations losses. When things go wrong all insurance endorsements must be right.
Used to exclude coverage under the commercial general liability policy for specific operations the exclusion designated ongoing operations endorsement cg 21 53 can be used to remove coverage for either operations in progress at a specified location or all ongoing operations performed by or on behalf of the named insured. Specifically this is a bodily injury bi and property damage pd coverage in part a of the cgl. Ongoing operations work or other business activity that has not been completed or abandoned. Ongoing operations work or other business activity that has not been completed or abandoned.
T o accept noble s argument we would have to read the word ongoing out of the endorsement and find that noble is covered for liability caused by harris s operations active or completed. Either a specified dollar amount a percentage of the claim amount or a specified. Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and any exclusions of coverage. Premises and operations coverage is part of the commercial general liability cgl policy related to commercial insurance.
Products and completed operations is the other coverage in part a of the cgl not discussed in this article.
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