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Divided Risk Endorsement

Divided Risk Endorsement

Definition

Can be attached to any type of insurance policy for the purpose of delineating exposures covered by particular insurance policies (e.g., project or site-specific policies) in order to remove any possibility of double coverage. For example, these endorsements are commonly used on contractors' workers compensation policies to exclude payrolls associated with the contractor's work on a project that is insured under a wrap-up insurance program.

Related Products

Classification Cross Reference
Blueprint for Workers Comp
IRMI Workers Comp

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