ISO PRODUCTS COMPLETED OPERATIONS LIABILITY COVERAGE FORMS EXPOSURE ANALYSIS CHECKLIST

(July 2024)

INTRODUCTION

This checklist is a starting point. Additional risk specific questions may arise as exposures are developed. This analysis should be combined with exposure analysis checklists for other coverages to develop a complete picture of the insured’s operations.

This checklist is designed to supplement the ACORD application.

A list of endorsements may be helpful as you discuss exposures with your client.

ISO Products/Completed Operations Liability Coverage Forms Endorsements Checklist

ISO Products/Completed Operations Liability Coverage Forms Available Endorsements and Their Uses

GENERAL INFORMATION

Legal business name(s)

____________________________________________________________________________________

Mailing address:

____________________________________________________________________________________

Email: _______________________________________________________________________________

Website: _____________________________________________________________________________

Type of entity:

___ Individual	___ Corporation	___ Sub-S Corp.
___ Partnership	___ Joint Venture
___ Not-for-profit	___ Limited Liability Company

SIC Code(s): _________________________________________________________________________

NAICS Code(s):_______________________________________________________________________

Federal ID Number: ____________________________

When did the applicant begin business operations? ___________________________________________

When did the present management assume control? _________________________________________

How many years’ experience does the owner have in this type of business? _______________________

How many years’ experience does the manager have in this type of business? _____________________

Has the applicant ever been involved in a bankruptcy procedure? ___ Yes ___ No

If yes, explain the type of bankruptcy, the filing date, and the resolution.

____________________________________________________________________________________

Names of subsidiary companies or joint ventures that are not part of this application:

____________________________________________________________________________________

Important People	Name	Phone Number
Owner/Principal	____________________________	______________
Other Decision Makers	____________________________	______________
Plant and Grounds	____________________________	______________
Financial	____________________________	______________
Legal	____________________________	______________
Claims	____________________________	______________

The applicant’s primary operations are:

____________________________________________________________________________________

The applicant’s secondary and/or incidental operations are:

____________________________________________________________________________________

The applicant used to be involved in the following operations, but they have been discontinued:

____________________________________________________________________________________

The hours of operations are: _____________________________________________________________

Does the applicant have a safety program? ___ Yes ___ No

If yes, answer the following:

Name of safety director: _________________________________________________________

Safety director phone number: __________________________________________________

Safety director email address:_____________________________________________________

Attach a copy of the safety program.

PRODUCTS EXPOSURES

Describe all the applicant’s products or services.

____________________________________________________________________________________

If the product is a component part, describe the items of which it might become a part.

____________________________________________________________________________________

If the product or service is defective or used improperly, describe the possible damage that could occur.

____________________________________________________________________________________

COMPLETED OPERATIONS EXPOSURES

Who draws the plans, designs, or specifications?

____________________________________________________________________________________

Who is permitted to alter the plans, designs, or specifications?

____________________________________________________________________________________

Is the customer consulted and required to sign off prior to alterations? ___ Yes ___ No

Describe customer acceptance of project procedures and documentation.

____________________________________________________________________________________

Describe the types of projects completed over the past five years.

____________________________________________________________________________________