Additional Insured

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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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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.
Additional insureds 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.
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