What Does Amendment of Insured Contract Definition Endorsement Mean?

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What does Amendment of Insured Contract Definition Endorsement mean? Read on to discover the definition & meaning of the term Amendment of Insured Contract Definition Endorsement - to help you better understand the language used in insurance policies.

Amendment of Insured Contract Definition Endorsement

Amendment of Insured Contract Definition Endorsement

A standard commercial general liability (CGL) endorsement (CG 24 26) that alters the policy's definition of "insured contract," which determines the scope of coverage for contractually assumed liabilities, to require that the injury or damage for which coverage is being sought was caused "in whole or in part" by the named insured or those acting on its behalf. Introduced in 2004, the intent of the endorsement is to cause the policy's contractual liability coverage to match more closely the protection provided under the 2004 additional insured endorsements.

We hope the you have a better understanding of the meaning of Amendment of Insured Contract Definition Endorsement.

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