aAdding Additional Insureds – In many situations, a business is required by contract or law to add coverage to its BOP for other parties who usually have property at risk that is in the care of the insured. Such parties typically include managers or lessors of a rented or leased premises...
Not all insurance companies or policies pay dividends, so start by reviewing whole life insurance options frommutual insurers. Once you have selected a carrier, confirm it offers dividends and the ability to use them for paid-up additions by calling it directly or contacting an agent. ...
Here’s a real problem: As the named insured on the policy, your company may be responsible for paying the deductible on a claim made by an additional insured. A recent Fifth Circuit Court of Appeals case, Big Binder Express, LLC v. Liberty Mutual Fire Insurance Company (5th Circuit 2021...
Issues with additional insureds often come up with slip-and-fall accidents where the landlord or occupier has retained a maintenance company, and under that contract, they were required to be named as an additional insured on the contractor’s insurance policy. Frequently, the party named...
Lastly, when the coverage cap is based on the “lesser” of the policy limits or what the contract requires, you’re going to see additional insured’s being limited to the amount of insurance they have required of the other party and no longer being protected to the full policy limit in...
is different from the Main Card, please provide Additional Card applicant's residential proof (if permanent address is different from the current residential address, please provide additional permanent address proof); Extra documentary proof may be required by the Company to process your application. ...
ON BALANCE, you’d rather be an additional insured on someone else’s liability policy, not an additional named insured.
assuming that the Airframe or such Engine was then in the condition required to be maintained by the terms of this Indenture, except that the value (but not the utility) of the Airframe or any Engine may be reduced by the value of any such Parts that are removed that Company (or such ...
In Use Case 4, passengers' and, if applicable, drivers' con- sent is required. The most critical question, however, arises around consent for scanned environmental data. For example, private observation cameras are usually not allowed when they cover public space and can collect data from ...