What it does
CU 24 03 waives the insurer's right to recover payments from the scheduled person or organization. It is the umbrella counterpart of the CGL and auto waiver endorsements.
Who needs it
Contractors, tenants and service providers whose contracts require a waiver of subrogation on all liability policies, including umbrella.
How it fits the umbrella
ISO umbrella endorsements are listed on the umbrella declarations and change the CU 00 01 coverage form. Many are designed to follow a matching CGL, auto or employers liability endorsement so that the umbrella and the underlying policies respond the same way; when you add the underlying endorsement, ask whether the umbrella needs its counterpart.
Quoting and selling notes
- Schedule the party exactly as named in the contract, or use the automatic version CU 24 80.
- Waivers can carry a premium charge.
