Liberty_CGL_Waiver_of_Sub_05242022__1_.pdf
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- Attached to
- Master Agreement AZ|CTR053238
- Contract number
- CTR053238
- Issued by
- Arizona
About this file
This document is a Commercial General Liability insurance policy endorsement from Liberty Mutual Insurance, dated 2013, with form number CG 88 10 04 13. The document appears to be a standard insurance policy amendment that modifies certain coverage conditions and exclusions within a commercial liability insurance contract.
The endorsement focuses on two key modifications to the original policy: (1) an extended property damage exclusion that clarifies coverage for bodily injury or property damage, specifically noting that unintended damage from reasonable force to protect persons or property is not excluded, and (2) a waiver of subrogation rights that allows the insurer to waive recovery rights against organizations with whom the insured has a written contract, provided the injury or damage occurs after the contract's execution. The document is part of a standard insurance services template and includes copyrighted material from the Insurance Services Office, Inc.
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2013 Liberty Mutual Insurance CG 88 10 04 13 Page 8 of 8Includes copyrighted material of Insurance Services Office, Inc., with its permission.
P. EXTENDED PROPERTY DAMAGE
Exclusion a. of COVERAGE A. BODILY INJURY AND PROPERTY DAMAGE LIABILITY is replaced by the following:
a. Expected Or Intended Injury
"Bodily injury" or "property damage" expected or intended from the standpoint of the insured.
This exclusion does not apply to "bodily injury" or "property damage" resulting from the use of reasonable force to protect persons or property.
Q. WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US - WHEN REQUIRED IN A
CONTRACT OR AGREEMENT WITH YOU
Under Section IV - Commercial General Liability Conditions, the following is added to Condition 8. Trans-fer Of Rights Of Recovery Against Others To Us:
We waive any right of recovery we may have against a person or organization because of payments we make for injury or damage arising out of your ongoing operations or "your work" done under a contract with that person or organization and included in the "products-completed operations hazard" provided:
1. You and that person or organization have agreed in writing in a contract or agreement that you waive such rights against that person or organization; and
2. The injury or damage occurs subsequent to the execution of the written contract or written agree-ment.
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