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WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART SCHEDULE Information required to complete this Schedule, if not shown …
CG 2404 Endorsement: Waiver of Subrogation Explained
Feb 11, 2025 · What is the CG 2404 Endorsement? The CG 2404, also known as Waiver of Transfer of Rights of Recovery Against Others to Us, is a commonly used waiver of subrogation endorsement (WOS endorsement) in commercial general liability (CGL) policies.
What Is a Waiver of Subrogation? Types and Reasons For Needing
Aug 11, 2022 · A waiver of subrogation is a legal endorsement that prevents an insurer from recovering the money they've paid out on a claim from a negligent third party.
Except for the changes this endorsement makes, all other provisions of the policy remain the same and apply to this endorsement. It is agreed that have no right of subrogation under Liability Coverage against the . we. or organization .
Waivers of Subrogation - State Compensation Insurance Fund
What is a waiver of subrogation and why might I need one? A workers’ comp waiver of subrogation is a document that states that you are waiving your right for your insurer to seek compensation from a third party that might have been involved in a workplace accident or injury.
Waiver of Subrogation Endorsements For your protection California law requires the following to appear on this form: Any person who knowingly presents false or fraudulent information to obtain or amend insurance coverage or to make
Waiver of subrogation form: Fill out & sign online | DocHub
The document is an endorsement for a Commercial General Liability insurance policy that waives the insurer's right to recover costs from a specified person or organization for injuries or damages related to ongoing operations or work done under contract. This waiver applies only to the entity listed in the schedule. 02. Sign it in a few clicks.
Complete the waiver and submit your request, indicating A.I.M. Mutual or AEIC in the drop down provided. NOTE: If a waiver needs to be carried over to a renewal policy, or if the job/contract requiring a waiver has been terminated, submit an endorsement request to [email protected] (A.I.M. Mutual
WAIVER OF SUBROGATION Refer to Supplemental Declarations if information is not shown on this form. The Condition contained in this endorsement is subject to the terms contained in your policy. This endorsement forms a part of the policy identified below: Policy No.: Named Insured: Name of Person or Organization:
The TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US Condition (Section IV – COMMERCIAL GENERAL LIABILITY CONDITIONS) is amended by the addition of the following: We waive any right of recovery we may have against the person or organization shown in the Schedule above because of payments we make for injury or damage arising out of your …