ISO · General Liability
CG 24 04
Waiver of Subrogation (General Liability)
Waiver Of Transfer Of Rights Of Recovery Against Others To Us (ISO General Liability)
Waives the GL carrier's right to subrogate against a specifically scheduled person or organization for losses the named insured caused.
What it does
Subrogation is the carrier's right to step into the shoes of its insured and recover paid losses from a third party who caused or contributed to the loss. CG 24 04 waives that right against a scheduled person or organization when the named insured has agreed in a written contract to waive subrogation. Without the form attached, a waiver-of-subrogation clause in a contract is not enforceable on the carrier — the carrier did not sign the contract. Lender insurance schedules, AIA construction contracts, lease agreements, and many service contracts require waivers; Bindly verifies the form is actually attached and the right party is scheduled.
When you need it
- Any commercial construction contract under the AIA 201 General Conditions, which requires mutual waivers of subrogation.
- Lender insurance schedules requiring waiver in favor of the lender and any servicer.
- Service contracts where the customer indemnifies the vendor and wants subrogation waived in return.
Common mistakes
- Treating a contract clause as the waiver itself — the carrier is only bound when the endorsement is attached.
- Scheduling the wrong party — the waiver must name the exact entity the contract requires waived; parent / subsidiary distinctions matter.
- Confusing the GL waiver (CG 24 04) with the WC waiver (WC 00 03 13) — they're separate policies and require separate forms.
Verifying CG 24 04 on a real certificate?
Bindly Compliance auto-verifies endorsement attachment, named parties, and edition dates on every COI we track. Description-only language and missing forms surface as deficiencies in your dashboard before they become claims.