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Due to the recent and unfortunate rise in liability claims, many companies are looking for ways to protect themselves from some of this risk. One option is to purchase insurance that covers individuals who may be considered their "customers" or "agents," but were not explicitly contracted with them; these insureds would be known as additional insured vendors. By purchasing such an insurance policy, a company can more easily navigate the legal waters when it comes time to sue them. The article will give you insights on how the different types of business entities should go about getting this type of coverage and what they can expect from their insurer.

The table has got information about the additional insured vendors. You can find out its size, the typical time to prepare the form, the blanks you should fill in, etc.

QuestionAnswer
Form NameAdditional Insured Vendors
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namescg 20 15, cg2015 form, additional insured vendors, 20 additional insured

Form Preview Example

POLICY NUMBER:

COMMERCIAL GENERAL LIABILITY

 

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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL INSURED – VENDORS

This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART

SCHEDULE

Name Of Additional Insured Person(s) Or

Organization(s) (Vendor)

Your Products

Information required to complete this Schedule, if not shown above, will be shown in the Declarations.

A. Section II – Who Is An Insured is amended to include as an additional insured any person(s) or organization(s) (referred to throughout this endorsement as vendor) shown in the Schedule, but only with respect to "bodily injury" or "property damage" arising out of "your products" shown in the Schedule which are distributed or sold in the regular course of the vendor's business.

However:

1.The insurance afforded to such vendor only applies to the extent permitted by law; and

2.If coverage provided to the vendor is required by a contract or agreement, the insurance afforded to such vendor will not be broader than that which you are required by the contract or agreement to provide for such vendor.

B. With respect to the insurance afforded to these vendors, the following additional exclusions apply:

1.The insurance afforded the vendor does not apply to:

a."Bodily injury" or "property damage" for which the vendor is obligated to pay damages by reason of the assumption of liability in a contract or agreement. This exclusion does not apply to liability for damages that the vendor would have in the absence of the contract or agreement;

b.Any express warranty unauthorized by you;

c.Any physical or chemical change in the product made intentionally by the vendor;

d.Repackaging, except when unpacked solely for the purpose of inspection, demonstration, testing, or the substitution of parts under instructions from the manufacturer, and then repackaged in the original container;

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© Insurance Services Office, Inc., 2012

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e. Any failure to make such inspections, adjustments, tests or servicing as the vendor has agreed to make or normally undertakes to make in the usual course of business, in connection with the distribution or sale of the products;

f. Demonstration, installation, servicing or repair operations, except such operations performed at the vendor's premises in connection with the sale of the product;

g.Products which, after distribution or sale by you, have been labeled or relabeled or used as a container, part or ingredient of any other thing or substance by or for the vendor; or

h."Bodily injury" or "property damage" arising out of the sole negligence of the vendor for its own acts or omissions or those of its employees or anyone else acting on its behalf. However, this exclusion does not apply to:

(1)The exceptions contained in Sub- paragraphs d. or f.; or

(2)Such inspections, adjustments, tests or servicing as the vendor has agreed to make or normally undertakes to make in the usual course of business, in connection with the distribution or sale of the products.

2.This insurance does not apply to any insured person or organization, from whom you have acquired such products, or any ingredient, part or container, entering into, accompanying or containing such products.

C.With respect to the insurance afforded to these vendors, the following is added to Section III – Limits Of Insurance:

If coverage provided to the vendor is required by a contract or agreement, the most we will pay on behalf of the vendor is the amount of insurance:

1.Required by the contract or agreement; or

2.Available under the applicable Limits of Insurance shown in the Declarations;

whichever is less.

This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations.

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© Insurance Services Office, Inc., 2012

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