What it does

CU 24 80, introduced with ISO's 12 19 umbrella endorsements, provides a waiver of subrogation automatically in favor of parties with whom the insured has agreed in writing to waive rights of recovery, without scheduling each one.

Who needs it

Contractors and service firms that sign many contracts requiring waivers.

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

• Confirm the contract is signed before the loss; blanket waivers usually require a written agreement in place.

Related forms

See CU 24 03.