What it does
CG 21 33 states that the insurance does not apply to "bodily injury" or "property damage" included in the "products-completed operations hazard" and arising out of any of "your products" shown in the schedule. It applies to the CGL and Products/Completed Operations coverage parts.
Who needs it
Product sellers and manufacturers where an underwriter wants to carve out a high-hazard item while covering the rest of the account.
Key provisions and limits
- Premises and operations exposures for the product are not affected.
Quoting and selling notes
- Clients selling the excluded product through retailers will find vendor AI requests (CG 20 15) unworkable for that item.
- Look for a specialty products market for the excluded item.
