Contractor’s Limitation Endorsement — an endorsement usually attached to umbrella policies of contractors and construction-related entities imposing limits or exclusions on the umbrella’s coverage with respect to one or more of the following exposures: explosion, collapse, and underground ( XCU ) hazard; care, custody, or control (CCC); contractual liability; damage to work (broad form …
Well it is called the xcu exclusion and the letters x, c, and u stand for explosion, collapse and underground. This exclusion is added by a special endorsement to the policy and it modifies the exclusions already found in the policy to remove coverage for losses related to these areas.
10/9/2015 · A prime example in construction contracts is the insurance requirement that the contractor (or subcontractor) obtain an endorsement for what is commonly referred to as XCU .
Occasionally we receive a request to add Explosion, Collapse or Underground Coverage to a General Liability policy. In my experience the part of the difficulty with adding these types of endorsements is that essentially they are already included in a CGL policy.
THe XCU Exclusion is a euphemistic term for an exclusion that once applied to Standard General Liability policies that exlcuded the perisl of Ecplosion, Collapse and Underground Coverage. In the …
Gone but never forgotten: antique insurance requirements …
Gone but never forgotten: antique insurance requirements …
Three CGL Endorsements Every Insured Should AVOID …
Three CGL Endorsements Every Insured Should AVOID …
Commercial general liability insurance written by major insurers also basically includes coverage for the explosion, collapse and underground ( XCU ) property hazards. Not long ago, the general practice was to cover the risks by endorsement , and that procedure is still followed by some companies.
5/18/2006 · About Me Name: Duke Williams, CPCU Location: Durham, North Carolina, United States I grew up as a third generation in the insurance industry. My Grandfather was a claims adjuster in 1921. He said the claims office was in the front of the building.
General Liability Subsidence Exclusion is Major Concern. … Require your subs to disclose all exclusionary endorsements during bid process. Obtain a side letter from the insurer limiting the areas where the exclusion applies. Large general contractors and public entities, such as Caltrans, are becoming more and more sensitive to the use of …
6/26/2020 · A broad form property damage endorsement is an addition to a commercial general liability policy that has removed the exclusion of property as part of the insurance coverage.
7/31/2009 · Endorsements to the commercial general liability (CGL) policy are highly specialized. A high percentage are either exclusionary or extend protection to distinct classes of additional insureds. Most of the remaining endorsements alter coverage for only a …
