May 2014 Dec Page

Article of the Month

When a business contracts with a railroad to perform work on railroad property, the contract ordinarily requires the business to provide liability insurance protecting the railroad against claims arising in connection with the work. A railroad may require the same type of coverage when a firm contracts with a non-railroad entity to do work that requires crossing railroad property or that is adjacent to railroad property.

The name given to this type of coverage—railroad protective liability insurance—aptly describes what the policy does. The ISO form is CG 00 35 and it protects the railroad from legal liability to others arising from work on its premises, as well as damage to its own property arising from the work

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