Get Additional Insured Designated Person Or Organization - King County - Risk State Nv

An additional insured is a person or entity that is covered under another party's insurance policy. Additional insureds are often included under general liability, commercial property or commercial auto policies.

Additional insured typically applies where the primary insured must provide coverage to additional parties for new risks that arise out of their connection to the named insured's conduct or operations. These new individuals or groups are added to the policy through an amendment called an endorsement.

The main benefit of an additional insured endorsement is that it will reduce the impact of the policy owner's loss history since the additional insured status serves to make sure that the financial responsibility of the claim is placed on the policy of the party that is most likely to be responsible for the claim.

There can be multiple Named Insureds, and these typically appear on the first page of the policy. Whereas the Named Insured is entitled to full coverage under its policy, Additional Insureds are only covered by the Named Insured's policy with regards to liability arising as a result of the Named Insured's negligence.

If limited coverage and rights under the policy are sufficient, an additional insured endorsement is likely the way to go. If the goal is to obtain complete and distinct coverage from all potential liability, being included as an additional named insured is your best bet.

An additional insured is a person or organization not automatically included as an insured under an insurance policy who is included or added as an insured under the policy at the request of the named insured.

In order to add an additional insured to a CGL insurance policy, the named insured should contact their insurance provider to typically add the name and address of the individual or entity. The cost to add a party as an additional insured will vary depending on the provider, although it may be as little as $50.