cgl insurance 2007 edition—a summary of …（#保险2007年版的总结u2026）.pdfVIP

CGL Insurance 2007 Edition—A Summary of Changes June 2008 Craig F. Stanovich Austin Stanovich Risk Managers, LLC Picture this: you are at a gathering or other social event. Suddenly, and without warning, you find that you are cornered by a stranger who intends to regale you with every detail of their vacation (or other equally tedious topics, such their dubious business success stories or their financial triumphs in the stock market). What to do? When you get a word in edgewise, ask the stranger what else is new. If you are lucky, the person may ask you the same question. This gives you the opening you need. Say plenty, and launch into an explanation of each and every change included in the December 2007 edition the Insurance Services Office, Inc. (ISO), commercial general liability (CGL) policy (and to be doubly effective, dont leave out endorsement changes). The result will likely be that you have extricated yourself from the conversation as you babble on in what may be perceived to be speaking in tongues. But extreme caution is highly advised—not only have your revealed yourself to be an insurance nerd, this approach should never, ever be used on spouses, in-laws, or family members. So be judicious, as you will have incredible power when you know the 2007 changes. ISO December 2007 Edition of the Commercial General Liability Form Changes It is not fair to dismiss the 2007 changes as much ado about nothing, but there may be a temptation to do so. While many of the changes are editorial only, such as renumbering paragraphs for the sake of consistency throughout the CGL form, there are a few substantive changes that are important, particularly endorsement changes. Supplementary Payments Section Paid in addition to the limits, Supplementary Payments have included for years all costs taxed against the insured in a ‘suit. ISO has tightened up this wording by qualifying which costs are included here. The costs now must be court costs