What it does
Makes a scheduled landlord or property manager an insured for liability arising out of the premises leased to the insured, as required by a lease.
Who needs it
Home business insureds (HO 07 01) whose lease requires the landlord to be named.
Quoting and selling notes
- Commercial leases normally require this on a CGL (CG 20 11); this endorsement serves the home business program.
Editions and availability
Editions in use and where they apply: 03 22 (40 jurisdictions); 05 11 (9 jurisdictions: AL, CA, CT, FL, GA, HI, NC, TX, VI).
A homeowners policy is not built for commercial exposures. Workers compensation for employees, business auto, professional liability and larger product or premises exposures need commercial policies; use homeowners endorsements only for incidental activity and move growing businesses to a BOP or CGL program.
