What it does
When the named insured is added to a manufacturer's or distributor's policy as an additional insured because it is a vendor of their products, CG 24 10 amends the Other Insurance condition so that the named insured's coverage is excess over any valid and collectible insurance available to it as an additional insured under that supplier's policy.
Who needs it
Retailers and wholesalers that require vendor AI status from suppliers (see CG 20 15 and CG 20 44). The endorsement lets the vendor's carrier sit excess of the supplier's insurer, often reducing the vendor's products premium.
Key provisions and limits
- Applies to the CGL and Products/Completed Operations coverage parts.
Quoting and selling notes
- Encourage retail clients to collect supplier certificates showing vendor AI status; the excess position depends on that coverage existing.
