Insurance
Aug. 24, 2012
Getting the terms right in insurance contracts
It's astonishing how, in this day of potentially high exposure liability, the major differences between an "Additional Insured" and an "Additional Named Insured" are misunderstood and misconstrued. By Craig G. Kline of Morris Polich & Purdy LLP
Indemnifications and insurance endorsements have been used for a long time. They are a fact of life in a wide variety of matters, from rock concerts to construction litigation. Often, they are a necessary requirement to do business, since many key players demand indemnification as a matter of course. However, it is astonishing how, in this day of potentially high exposure liability, the major differences between an "Additional Insured"...
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