What it does
CG 22 48 excludes injury or damage for which the insured may be liable because of any obligation assumed, or the failure to discharge or improper discharge of any duty, with respect to any contract or treaty of insurance, reinsurance, suretyship, annuity, endowment or employee benefit plan, including applications, receipts or binders, and because of membership in or management of any insurance plan or pool, among other items listed.
Who needs it
Insurance agencies and brokerages, MGAs, carriers, claims administrators and benefit consultants.
Quoting and selling notes
- Pair with insurance agents E&O. The CGL still covers office premises exposures.
