Some of the most frequent questions we get are about common policy endorsements. Beacon Hill Account Executives try to have our carriers include most common endorsements on our policies automatically, so frequently requested coverage is already included, but it’s important to check each policy individually. Here is an overview of some of the typical endorsements we see requested:
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Additional Insured (AI) status is often sought by certificate holders and job owners. Additional insured coverage on a “general” basis, with “where required by written contract” or similar wording, is automatically included in most policies for GL and CPL coverage. Some carriers have language that limits these endorsements to owners, renters, or contractors, but many carriers have broad endorsements that apply to many circumstances. It is important to understand the relationship between the requested additional insured and the named insured in the policy to know if the general endorsement would satisfy the coverage requirement. Many other types of additional insured endorsements are available to meet specific contract requirements, but must be reviewed and approved by the carrier. If a designated endorsement is required, either because of the relationship or because the certificate holder will not accept blanket coverage, many companies charge a nominal additional premium to endorse. our excess policies follow the formulary unless a specific exclusion is included, so it is not normally necessary to endorse them for additional insureds.
waiver of subrogation (wos) is another common requirement that we include in most policies automatically with general wording. the general coverage provided meets most contract requirements; most carriers charge a nominal additional premium to support the waiver of subrogation designated entities. again, our excess policies generally follow this coverage.
main & non-contributory redaction (pnc) is also frequently requested for additional insureds. This coverage is automatically included in most policies, either built into the additional wording of the insured’s endorsement or as a separate endorsement.
The direct notice of cancellation (dnoc) is a requirement we see for certificate holders almost daily. Several of our companies can endorse “blanket” DNOC policies; Depending on the company, this may mean that the agent maintains a list, that the company maintains a list, or that the company endorses each entity as needed, but only charges once. Other companies cannot provide “blanket” DNOC, but must support the policy every time. These carriers typically charge per endorsement. excess policies follow the formulary and generally do not require an additional premium. Depending on the company, DNOC may not be available for workers’ compensation policies, as notice provisions are typically designated on a state-by-state basis.
Sometimes aggregate endorsements from designated projects are required for contracts. they are usually issued for a specific project, but can sometimes be endorsed on a general basis. coverage is not automatically included and must be requested if necessary. For coverage of a specific project, the carrier will need to know the operations and income from the work in order to quote.
Most of our providers use their own proprietary coverage forms instead of iso forms. ISO endorsements are typically only used on policies where general liability coverage is written in ISO CG 0001, but many of our companies can add ISO endorsements if the contract specifically requires it. For the endorsements discussed here, our carriers’ proprietary forms are typically equivalent to or broader than ISO forms. the addition of some of these more common endorsements to policies such as auto and workers’ compensation is occasionally subject to state law.
If you have questions about specific endorsements required by contract, feel free to ask. We’ll be happy to look at the policy and let you know if coverage is included, or ask the insurer if coverage is available if it’s not already included. The flexibility of our carriers allows us to work with you and your policyholders to try to resolve any requirement that may arise, whether common or not.
Contact us today for more information on endorsements or to get in touch with our service department.