What it does
CG DS 01 personalizes the CGL coverage part. It shows the named insured and mailing address, policy period, the limits of insurance (general aggregate, products-completed operations aggregate, personal and advertising injury, each occurrence, damage to premises rented and medical expense), the retroactive date for claims-made policies, locations of premises, classification and premium computation, and the forms and endorsements applicable.
Who needs it
Agents use it to check limits and classifications against the application and contract requirements.
Key provisions and limits
- Classification codes and premium bases on the declarations determine the audited premium.
Quoting and selling notes
- Review class descriptions carefully: carriers often pair them with classification limitation endorsements such as CG 21 44.
