In most leases, tenants are required to provide evidence acceptable to the landlord that they are maintaining property coverage on the tenant improvements and general liability coverage and that the landlord, and others identified by the landlord, are named as additional insureds
Two basic issues are considered: (1) whether an organization should require that they be added as an additional insured
on the policies of others, and (2) the disadvantages of adding others as additional insureds
under the firm's policies.
Coverage for additional insureds
depends on the wording in the endorsement and can be subject to different interpretations if it is not specific.
The day's events also included an expansive trade show, and timely education sessions including Unlocking the Mystery of Insureds, Additional Insureds
and Contractual Liability, presented by Bruno Falvo, CIC, CPCU, ARP, in the morning.
Enhancements include extensions for additional insureds
and vendors as well as limited professional liability, garage keepers legal liability and lot or batch coverages.
Yet let's briefly review one coverage area commonly requested for COIs that apparently is often disconnected from reality: additional insureds
Conversely, a party may also receive status as an "additional insured
" by virtue of a blanket additional insured
endorsement that covers additional insureds
, but only for liability caused by the acts or omissions of the named insured.
Therefore, additional insureds
need to know the limitations of relevant state law and how it applies to AI coverage.
And in the context of the typical appearance of said term in our world of liability insurance--to wit, additional insureds
who wish the party adding them to certify his or her insurance is "primary and noncontributory" to the additional insured
's coverage--what do we now know?
Faced with these demands for broad based coverage for additional insured
and for contractual liability, insurance companies have tried to define the CGL insurance company's duties and obligations to additional insureds
by the use of certain additional insured
and contractual liability limitations endorsements.
to circus policies pose another challenge, Kalmanson said.
Nearly all construction contracts require contractors to maintain insurance and name other involved parties as additional insureds