The cost of adding an additional insured is typically low, compared to the costs of the premium. Insurance company underwriting departments often consider the additional risk associated with additional insureds as marginal. Additional insurance coverage and endorsements are the subjects of frequent disagre...
Professional indemnity insurance provides a critical layer of protection for service providers. Often these professionals might also need other forms of liability coverage such as general liability insurance or product liability coverage. Those purchasing indemnity policies can also addendorsements. An endorse...
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Risk analysis of personal lines policies * Generated renewals and cancellations of policies * Acted as liaison between agents and the company Worked with field staff and agents on missing policy information. Set up policies for any client request which consisted of: new policies, endorsements, renewa...
Example of an Intercompany Suit Intercompany suits between insureds often involve an additional insured that has sued a named insured. For example, suppose that a property owner named Austin Properties hires Adam's Painting to paint an office building Austin Properties owns. A contract between Austin...