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Additional Insured

   Also found in: Acronyms 0.01 sec.
Additional Insured
A person or company listed on an insurance policy in addition to the primary policyholder. For example, the head of household may list her husband and children as additional insureds on her health insurance. This is often less expensive than buying separate policies. An additional insured is also called an additional interest.


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Most of the accounts I work on have a Blanket Additional Insured endorsement.
For your third-party agreements, you should request that your organization is noted as an additional insured on the certificate of insurance provided by the vendor.
In connection with any negotiated workout or deed-in-lieu transaction, the lender should insist that it be added as an additional insured to all of the developer/borrower's insurance policies and that the developer indemnify the lender for potential declarant liability.
 
 
 
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