March 2, 2016

We are looking at the following risk. Mr. and Mrs. Smith own a building individually which they lease entirely to their business, ABC Corporation. Currently the general liability for Mr. and Mrs. Smith is provided on a separate general liability policy. We would like to include them on a BOP policy for their building ownership: building and general liability.

My question is how to best provide their (Mr. and Mrs.) general liability coverage. CG 20 11 seems to have some flaws and we wonder is leased premises JUST the building and not the surrounding land and parking area? The endorsement excludes structural additions, etc. and the limits are shared. CG 20 24 states LAND being leased. CG 20 26 speaks to liability arising out of the operations of the named insured or premises owned or rented to the named insured. I like 20 26. What am I missing? Any other options?