Understanding Additional Insured Clauses in Contracts Certificate of Insurance vs Additional Insured It is important to understand that although a certificate of insurance (often an "ACORD" form) may identify a particular party as a certificate holder, a certificate holder is not the same thing as being named an additional insured
Contractors General Liability and the Additional Insured Completed Operations The certificate should have a specific reference to completed operations coverage, and those endorsements must be attached Many endorsements automatically provide ongoing operations coverage for the additional insured but exclude any coverage for completed operations Action Items: 1 Check your contract insurance requirements for ISO language that specifies the completed
Negotiating OCP Policies - Construction Business Owner Magazine For example, when an owner is a named insured under its own CGL policy and an additional insured under the contractor’s CGL policy, the two insurance companies have to determine which of their respective policies is primary This often leads to disputes because each carrier argues that the other’s policy should be considered primary
3 Questions to Determine if You Can Transfer Cyberrisk Contractually It would be wise to amend your policy’s other insurance clause if you seek to gain additional insured status on a vendor’s policy While transferring risk contractually remains the least expensive way to transfer risk, it can also in situations described here be the most effective way to transfer risk
Get Additional Insured Language Right - Construction Business Owner . . . There are now dozens of Additional Insured Endorsements which require careful review for compliance To keep your bottom line strong, it's important to work with a broker who is able to obtain the right additional insured terms and coverage Be sure to obtain additional insured endorsements with the broadest available language to meet these contractual requirements, as well as augmenting the