What it does
CG 21 04 states simply that the insurance does not apply to "bodily injury" or "property damage" included within the "products-completed operations hazard".
Who needs it
Used for premises-only risks such as lessors of buildings or land, and sometimes forced onto contractors or product sellers the carrier will write only for ongoing operations.
Key provisions and limits
- Every product and every completed job is affected.
Quoting and selling notes
- On any contractor, manufacturer, distributor, restaurant or retailer this is a serious gap; look for another market or a separate products/completed operations policy (CG 00 37).
- Contracts requiring completed operations AI coverage cannot be satisfied.
