It observed that the policy used the singular possessive pronouns "his or her" instead of the plural possessive "their" in defining "you" as "the named insured
shown in the declarations or his or her spouse.
When a trust or LLC is named an additional insured or additional interest on the policy covering the property, the beneficial owners remain as the named insureds
and don't need a separate renter's policy or personal liability policy for the property.
This is especially true when design prof essionals become part of the primary named insured
, and/or when design prof essionals are partnered in joint ventures to pursue work.
In contrast, an Additional Insured is a third party with whom the Named Insured
has a close business relationship.
The policy excluded coverage for bodily injury sustained by "an insured," which included: 1) the named insured
and any relative; 2) listed drivers; 3) permissive users; and 4) residents other than described in 1 or 2.
And even if the carrier agrees to participate in the defense of the additional insured under such a policy (because, perhaps, the claimant did allege that the named insured
was negligent), convincing the carrier to then actually contribute to a settlement will require demonstrating that its named insured
was actually negligent and contributed to the plaintiff's injuries.
Now consider that the endorsement only responds if the Named Insured
("You") has "agreed in writing in a contract or agreement" (no oral agreements, or simply being handed COI requirements on a form suitable for delivery to their agent).
Business personal property coverage may be extended to cover personal effects owned by the named insured
, business officers, partners, members or managers, or employees of the business.
The cancellation condition states that the named insured
may cancel the policy at any time by notifying the insurer in writing.
Hired autos--Autos that the named insured
leases, hires, rents, or borrows.
Employees of the named insured
have insured status in certain circumstances.
The Policy defines the term as including the named insured
and anyone who drives or operates the vehicle with his/her consent.