Waiver of Transfer of Rights of Recovery Against Others to Us Sample Clauses

Waiver of Transfer of Rights of Recovery Against Others to Us. A waiver of transfer of rights of recovery endorsement in favor of Contractor and Owner is required on ISO form number CG 24 04 05 09.

Waiver of Transfer of Rights of Recovery Against Others to Us. We waive any right of recovery we may have against the person or organization shown in the Schedule above because of payments we make for injury or damage arising out of your ongoing operations or “your work” done under a contract with that person or organization and included in the “products-completed operations hazard.” This waiver applies only to the person or organization shown in the Schedule above. POLICY NUMBER: 12345 COMMERCIAL AUTO Excellent Subcontractors, Inc. THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US (WAIVER OF SUBROGATION) This endorsement modifies insurance provided under the following: AUTO DEALERS COVERAGE FORM BUSINESS AUTO COVERAGE FORM MOTOR CARRIER COVERAGE FORM With respect to coverage provided by this endorsement, the provisions of the Coverage Form apply unless modified by the endorsement. This endorsement changes the policy effective on the inception date of the policy unless another date is indicated below. Named Insured: Endorsement Effective Date: SCHEDULE Information required to complete this Schedule, if not shown above, will be shown in the Declarations. Name(s) Of Person(s) Or Organization(s): The Transfer Of Rights Of Recovery Against Others To Us condition does not apply to the person(s) or organization(s) shown in the Schedule, but only to the extent that subrogation is waived prior to the "accident" or the "loss" under a contract with that person or organization. WORKERS COMPENSATION POLICY NUMBER: 12345 NAMED INSURED: Excellent Subcontractors, Inc. THIS ENDORSEMENT CHANGES THE POLICY, PLEASE READ IT CAREFULLY. WAIVER OF OUR RIGHT TO RECOVER FROM OTHERS ENDORSEMENT This endorsement modifies insurance provided under the following: WORKERS’ COMPENSATION AND EMPLOYER’S LIABILITY INSURANCE We have the right to recover our payments from anyone liable for an injury covered by this policy. We will not enforce our right against the person or organization shown in the Schedule. This agreement applies only to the extent that you perform work under a written contract that requires you to obtain this agreement from us. This agreement shall not operate directly or indirectly to benefit anyone not named in the Schedule. SCHEDULE NAME OF PERSON OR ORGANIZATION: Midstate Construction Corporation, its directors, officers and employees