If you’re in the construction industry, you expect to receive a certificate of insurance requests on your contractor’s liability policy often. In some cases, you will receive a request for a waiver of subrogation endorsement on your general liability policy. I speak about waiver of subrogation in other BLOGS and VLOGS, which I invite you to read and view. In this BLOG and video, I will explain to cost of a waiver of subrogation endorsement on a contractors’ liability policy.

THE COST OF A WAIVER OF SUBROGATION

The market for contractors’ liability insurance has remained soft for the last 8-10 years. It is standard practice for most insurance companies to include a blanket waiver of subrogation endorsement on their policy and at no cost. Further, most additional insured endorsements in a contractors’ general liability policy include waiver of subrogation, primary wording, and non-contributory language.

WHAT IF MY POLICY DOES NOT CONTAIN A BLANKET WAIVER?

In some cases, your contractors’ liability policy will not contain a blanket endorsement with a waiver of subrogation language. In these rare instances, you should expect to pay $100-$300 for the cost of a specific waiver of subrogation endorsement.

CHECK YOUR POLICY

I recommend that you read your policy and check the language included in your additional named insured endorsements. You may also want to check for a waiver of subrogation endorsement separate for your additional named insured endorsement. Some insurance companies and programs will add the waiver as a separate endorsement. An example is the CG 24 04 form.

PARTNER WITH AN AGENCY THAT UNDERSTANDS CONTRACTORS’ LIABILITY INSURANCE



The associates at FOA have more than 50 years of combined experience working with contractors of all types. We are happy to help you better understand your coverage and position your firm for better success in the marketplace. Complete the form below, and we will connect with you. Thanks again for visiting us!