broad form property damage (BFPD)
The liability exposure represented by the risk of loss to property in a contractor's
care, custody, or control (CCC) or on which contracted operations are being
performed. Because of the scope of exclusions applicable to these two risks
of loss in the 1973 CGL form, an endorsement was necessary to provide coverage
for the BFPD hazard. Coverage for the same exposure is provided automatically
in 1986 edition and subsequent CGL forms by means of exceptions to the CCC and
property damage exclusions. See also Broad form general liability endorsement.
Links for IRMI Online Subscribers Only:
CLI V.D