What it does
For the contract or agreement designated in the schedule, CG 22 74 replaces Coverage B exclusion e. (contractual liability) with a version allowing coverage for personal and advertising injury liability assumed in that contract, subject to the conditions in the form.
Who needs it
Security firms, event companies, retailers and service businesses whose customer contracts include indemnity for false arrest, defamation or similar offenses.
Key provisions and limits
- The contract is scheduled.
Quoting and selling notes
- The base form only covers assumed liability for bodily injury and property damage; this endorsement is the ISO way to extend that to Coverage B for a specific contract.
- Obtain the contract and identify the Coverage B offenses it asks the insured to indemnify; schedule each contract that needs the coverage.
