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designated construction project general aggregate limit endorsement

A designated construction project general aggregate limit endorsement modifies a commercial general liability (CGL) insurance policy to make the general aggregate limit apply separately to each designated construction project.

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designated construction project general aggregate limit endorsement

A designated construction project general aggregate limit endorsement modifies a commercial general liability (CGL) insurance policy to make the general aggregate limit apply separately to each designated construction project.

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This enables a contractor to comply with contractual requirements to maintain a specified amount of insurance applicable to a specific project. This endorsement does not affect the policy's other limits, including the products-completed operations aggregate limit. The standard Insurance Services Office version of this endorsement is endorsement CG 25 03. A separate designated project(s) products-completed operations aggregate limit endorsement can be used to make a similar adjustment to the completed operations aggregate limit.

Synonyms

project-specific limit

Related Terms