If you have business insurance policy than there is always a chance some one who you deal with can ask to be named as additional insured. There are several different types of additional insured. Let’s look at the most common ones, but before a little of terminology:
Insured – you and your company
Insured – you and your company
a. Additional Insured – Designated Person or Organization Coverage may be provided for designated person or organization as an additional insured with respect to their liability arising out of the insureds operations or premises owned by or rented to this insured.
b. Additional Insured – Manager or Lessors of Premises Coverage may be provided for designated persons or organization as additional insured with respect to their liability arising out of ownership, maintenance or use of that part of the premises leased to the insured you designated in the Declarations.
c. Additional Insured – Grantor of Franchise The definition of insured is amended to include a person or organization with respect to their liability as a grantor of a franchise to the Named Insured.
d. Additional Insured – Leased Equipment Coverage may be provided for designated person or organization as additional insured with respect to their liability arising out of ownership, maintenance or use of equipment leased to the Named Insured.
e. Additional Insured – Leased Land Coverage may be provided for designated person or organization as additional insured with respect to their liability arising out of ownership, maintenance or use of that part of the land leased to the Named Insured.
f. Additional Insured – State or Political Subdivision – Permits The definition of insured is amended to include a state of political subdivision with respect to liability or a premises for which the state or political subdivision has issued a permit.
g. Vendors Coverage may be provided for the person or organization that acts as a vendor but only with respect to liability arising out of the Insureds products which are distributed or sold in the regular course of the vendors business. Refer to the form for a list of exclusions that apply.
h. Additional Insured – Controlling Interest Coverage may be provided for the designated person or organization shown in the Declarations but only with respect to their liability arising out of their financial control or to premises they own, maintain or control while the Named Insured leases or occupies the premises.
i. Additional Insured – Owners Lessees or Contractors Scheduled Person or Organization Coverage may be provided for the person or organization shown in the Declarations with respect to liability arising out of your ongoing operations performed for that insured.
j. Additional Insured – Co-owner of Insured Premises Coverage may be provided to include the person or organization with respect to their liability as co-owner of the premises shown in the Declarations.