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Get Application For Comprehensive Liability Insurance - Railroads
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How to fill out the APPLICATION FOR COMPREHENSIVE LIABILITY INSURANCE - RAILROADS online
This guide provides users with clear and comprehensive instructions for filling out the APPLICATION FOR COMPREHENSIVE LIABILITY INSURANCE - RAILROADS online. Whether you are new to insurance applications or just seeking a refresher, this guide aims to help you through each step of the process.
Follow the steps to successfully complete your insurance application online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by filling out Part A: General Information. Provide the name and address of the proposed insured, including the parent company and all railroads to be covered. Ensure to include city, state, and zip code.
- If applicable, list any subsidiary or affiliated companies that require coverage. Describe their operations and attach a separate sheet if necessary.
- Mention all additional insureds and provide explanations regarding their business relationships with your company, attaching a separate sheet if required.
- Indicate all locations where the proposed insured operations occur. If more space is needed, attach an additional sheet.
- Detail your insurance program. Specify the proposed program with the limit of liability and policy period. Also, include details of the expiring program, carrier, limit of liability, and self-insured retention.
- Answer yes or no to the question about whether the company is newly formed. If yes, state the name of the previous track operator or owner and provide additional information as required.
- In Part B: Right of Way Information, report the total miles of track owned or operated and provide breakdowns by FRA classification.
- Indicate if your operations include tracks from other railroads. List their names and attach agreements as needed.
- For grade crossings, provide the number of total, protected, and unprotected crossings, and any other information about major crossings.
- Attach the latest copies of FRA and/or state track inspections in the designated section.
- Provide claims and loss summary information in Part F. List total claims and incurred losses for the last three years, along with details of any claims exceeding $10,000.
- Once all sections of the application are completed, review for accuracy. Users can then save any changes, download the application, and print or share as necessary.
Complete your APPLICATION FOR COMPREHENSIVE LIABILITY INSURANCE - RAILROADS online to ensure your coverage today.
Most carriers using an ISO GL form will offer a CG 24 17 Contractual Liability-Railroads endorsement to “buy back” some of this excluded coverage. It replaces the definition of “Insured Contract” and removes the above language from the exclusion.
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