Tag: contractor

You typically come across these issues when you’re talking about business insurance. It’s easy to get them confused. The key difference between a certificate of insurance and an additional insured comes down to whether you have coverage under someone else’s insurance policy. This only applies if you’re named as an additional insured on a policy. What’s an additional insured? When you’re named an additional insured on a policy, you are typically insured for covered claims arising from the Named Insured’s negligence (or your joint negligence) with regard to the premises, project and equipment that’s described in the additional insured endorsement. This commonly will include defense costs should you need to hire an attorney if the claim falls within the terms of the additional insured endorsement. Businesses typically request to be named as an additional insured on a policy if another business’s negligence could affect them. Two examples could include: A general contractor hires a subcontractor to help with a project.… Read More