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.
Additional Information
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
