Dear Valued Customer,
This month “—————” reports on “Contractors additionally insured endorsements.” Additional insured means anyone beyond the policyholder who is covered by the policy. This coverage could be provided for a single event, or for the lifetime of the policy.
An additionally insured endorsement can be provided to an individual or a group with more limited protection than the actual policyholder. The coverage is typically very defined, for instance, it could be coverage for legal defense if a third party sues the policyholder.
Read on for more information on this important topic.