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COI Journal

Construction insurance compliance, reported. The data desk for contractor COIs.

The COI Dictionary

Per project aggregate

Definition

An endorsement that gives each construction project its own general aggregate limit, so claims on one job can't use up the limit for yours.

CG 25 03

On the certificate

The general aggregate line has boxes for policy, project and location. The project box should be checked.

What to check

The project box and an attached endorsement such as CG 25 03, the Designated Construction Project(s) General Aggregate Limit.

The common gap

A per policy aggregate shared across every job the contractor runs. A busy year elsewhere can leave little of the limit for your project.

Go deeper on forsured.ai: How to check a contractor COI against your project requirements

Related: Certificate of insurance · Additional insured · Try Spot the Gap

General information, not legal or insurance advice. Ask your broker what your policies actually carry.

From our publisher

Check a contractor COI against your project requirements, free.

Forsured, which publishes COI Journal, will read one project's requirements and a contractor COI or two, and show you every gap it finds.