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Construction Products.


CGU CGU Conditions Générales d'Utilisation (French)
CGU Claremont Graduate University (Claremont, CA)
CGU Chang Gung University (Taiwan)
CGU Canadian Geophysical Union
 is offering commercial lines products for construction trade. The product, Solutions for Contractors, is the first in a series designed for artisan contractors, general contractors, and heavy construction firms. Solutions for Contractors is a portfolio of coverages and services that include 24 liability enhancements; contractor-specific liability coverages; and enhancements to builders' risk, installation floater Floater

A bond or other type of debt whose coupon rate changes with market conditions (short-term interest rates). Also known as "floating-rate debt".

Notes:
For example, a floater bond may have the coupon rate set at "T-bill rate plus 0.5%".
, and contractor's equipment coverage forms.

The liability enhancements covered under Solutions for Contractors are blanket additional insured, blanket waiver of subrogation The substitution of one person in the place of another with reference to a lawful claim, demand, or right, so that he or she who is substituted succeeds to the rights of the other in relation to the debt or claim, and its rights, remedies, or Securities. , aggregate limits per project, coverage for damage to borrowed equipment, and extended medical payments. The contractor-specific liability coverages include limited pollution liability for job sites, design build liability, and transportation of designated pollutants pollutants

see environmental pollution.
 limited liability.

CGU Insurance, 1 Beacon St., Boston, MA 02108-3100
COPYRIGHT 2000 Axon Group
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000 Gale, Cengage Learning. All rights reserved.

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Publication:Risk & Insurance
Article Type:Brief Article
Date:Feb 1, 2000
Words:119
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