Additional Insured


Also found in: Acronyms.

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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Since product liability policies are subject to an annual aggregate amount of insurance, loading up your policy with scores of your customers as additional insureds could possibly lead to a dilution of the insurance available to you to pay a serious claim, if your AI customer is also going to lay claim to some of those limits by virtue of their AT status.
Therefore, additional insureds need to know the limitations of relevant state law and how it applies to AI coverage.
The process of handling a claim is much more straightforward with Additional Insured coverage.
In instances where campers are turned over to independent contractors, such as riding academies and white water rafting outfitters, it also makes sense for those entities to insure the camp as an additional insured under their independent liability insurance policy.
It also lists the studio owner as an additional insured.
Lender/servicer notifications: Lenders/servicers are listed as mortgagee, loss payee and additional insured, depending on the loan documentation, and as such they are entitled to specific notifications of coverage lapses, gaps and renewals.
Try to get named as an additional insured under the entity's professional liability policy," advises Kurt Driscoll, vice president, FPIC Insurance Group, a Jacksonville, Fla.
City Attorney Carl Newton and RFI officials have been working on finalizing a confidentiality agreement that would provide the city with information about the level of coverage carried by the company and add the city as an additional insured party.
The Additional Insured Book is a practical and comprehensive guide to the issue of providing additional insured status in liability insurance policies.
She has represented insurers in environmental insurance coverage litigation, asbestos insurance coverage litigation, product liability coverage litigation, construction defect coverage litigation involving additional insured coverage, first-party coverage and bad faith, and life and disability insurance coverage litigation.
This may include comprehensive liability with Lane County named as additional insured, professional liability, fidelity bonding and workers% compensation coverage.
Any additional insured under any policy of underlying insurance is automatically an insured under the umbrella policy.
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