Limited Prod
Products and Completed Operations Limits, Is it better to have it Included or a separate limit???
This is a question that I come across all the time and am always getting different answers from underwriters and office managers.
Another questions I have, if the prod and comp opps limit is included, why can’t you just add a $2 million excess policy to meet contract requirements??? I really hope someone can answer this. Thanks
The ONLY time it matters, if the P& CO limit is included or seperate, is when the defense costs are inside limits. Pretty much you’re ALWAYS going to see a 1 mil ag or 2 mil ag on the P & CO limit anyway – same as the policy ag.
Yes, the entire purpose of the excess is to extend limits. So that will usually work, IF the excess policy specifically includes products & completed ops.
NEW 2012 BOSS 302 Limited Production Mustang
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