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.
References in periodicals archive ?
It is this absence from the policy materials of an express mention of the rejection that is the point on which Kelly's coverage claim turns: Kelly claims that the want of an explicit reference to Plum Creek's written rejection renders the rejection inoperative against an additional insured like Kelly, with the consequence that RSA 264:15 requires provision of uninsured motorist coverage under the statute's general rule.
It can also leave the owner exposed for claims occurring after the work is done - when the contractor may no longer be covering the owner as an additional insured for possible late developing construction defect claims.
Modern liability insurance policies issued to builders and owners of property under construction, rather than individually endorse a policy to name all additional insureds, allow the named insured, by contract, to make anyone an additional insured with whom the named insured has a contract to make someone an additional insured.
Difficult and expensive disputes regarding the scope and application of "additional insured" coverage can also be avoided.
The definition of "insured" is extended to the scheduled individual for coverages A, B, E, and F, meaning that the father cannot both be an additional insured and an other person who receives benefits.
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.
You are either the policyholder, named insured or an additional insured. If you are only listed as the certificate holder, you are not covered under the policy--a certificate holder is the party to whom the COI was sent.
The court found that under New York law, if a loss involves a named insured's employee who is injured while performing the named insured's work, the connection is sufficient to trigger an additional insured arising out of operations endorsement, regardless of fault.
Out came the contract, and there it was--stipulations requiring the caterer to name the synagogue as its additional insured, not vice versa.
Camp directors may have questions about what it means to be an additional insured on a general liability insurance policy, when to ask a third party for additional insured status in favor of your camp, and when it is appropriate for other entities to have additional insured status on your camp's general liability policy.
Because the policies in question provided $750 million in coverage, the determination of BP's status as an additional insured under the Transocean policies was critical for both sides.
To defend against third-party non-client claims, defense lawyers must understand who is asserting a claim (e.g., a tort-victim, an additional insured); in what capacity the party is asserting the claim (e.g., as a third-party beneficiary, an assignee); the nature of the claim (e.g., breach of contract, negligence, negligent misrepresentation); the relationship between the intermediary and the third party, if any; and the type and foreseeability of the injury.
Full browser ?