What it does
CG 25 04 applies a separate Designated Location General Aggregate Limit, equal to the policy general aggregate, to each location in the schedule. Coverage A damages (other than products-completed operations) and Coverage C medical expenses attributable only to operations at a single designated location reduce that location's aggregate rather than the policy general aggregate.
Who needs it
Insureds with several premises, such as restaurant and retail chains, apartment and shopping center owners, and franchisees whose franchisor or landlord wants per location limits.
Key provisions and limits
- "Location" is defined as premises involving the same or connecting lots, or premises whose connection is interrupted only by a street, roadway, waterway or railroad right-of-way.
- Losses not attributable to one designated location reduce the general aggregate; products-completed operations losses reduce that aggregate.
Quoting and selling notes
- Some carriers price per location aggregates; schedule every location that needs it.
- For the liquor liability coverage part, CG 25 14 provides the equivalent per location aggregate.
- Construction projects use CG 25 03 instead.
Selling points
- Landlords, lenders and franchisors of multi-location businesses often require a per location aggregate; schedule every location or the general aggregate is shared.
- Each designated location gets a full general aggregate; losses not tied to one location reduce the policy general aggregate.
- Products-completed operations losses still reduce the products-completed operations aggregate (see CG 25 46 for location-based products aggregates).
