Additional insured

An "additional insured" clause in an insurance policy extends coverage to other individuals or entities not originally named in the policy, typically providing them with the same protection as the primary insured. This clause is commonly used in business contracts to protect partners, landlords, or clients from potential claims related to the policyholder's actions or services.

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Sample Additional insured clauses

• Source: PENN MUTUAL VARIABLE LIFE ACCOUNT I
  Additional Insured Term Insurance Benefit - We will pay, upon receipt of due proof of the death of an Additional Insured while this Rider is in force, the Additional Insured Term Insurance Benefit. The amount of the Additional Insured Term Insurance Benefit for an Additional Insured is the Specified Amount for such Additional Insured as shown on Page 3 of the Policy.

• Source: Chesapeake Finance Holdings II LLC
  With respect to each obligor of the Lease Sample Receivables, we will obtain the Insurance Coverage File to note that the Servicer (either Element Vehicle Management Services Group LLC, Gelco Corporation, or Element Fleet Corporation) and either D.L. Peterson Trust or Gelco Fleet Trust are identified as an additional insured or loss payee.

• Source: Chesapeake Finance Holdings II LLC
  In instances where coverage as an additional insured or status as a loss payee was evidenced by a statement that such coverage is extended to parties when required by written contract, we confirmed that the applicable lease agreement requires the obligor to maintain insurance coverage that requires the Servicer and D.L. Peterson Trust or Gelco Fleet Trust to be named as additional insured or loss payee.

• Source: Enterprise Fleet Management, Inc.
  One of the Sample Leases has Insurance Source Documents that indicate physical damage and liability insurance coverage and identify "Enterprise FM Trust" as the additional insured. We were unable to observe a loss payee.

• Source: Enterprise Fleet Management, Inc.
  Four of the Sample Leases have System Screen Shots that indicate “Enterprise Enrollment Coverage” as the insurance carrier for only physical damage and that indicate the amount of physical damage insurance that is billed each month.

• Source: AUTOMOTIVE RENTALS, INC.
  For the purpose of the procedure described in Item 3.f. of Attachment A for Sample Leases that have System Screen Shots that indicate “Enterprise Enrollment Coverage” as the insurance carrier for both physical damage insurance and liability insurance.

• Source: AUTOMOTIVE RENTALS, INC.
  Observed the loss payee name for physical damage insurance and additional insured name for liability insurance in the corresponding Insurance Source Documents.

• Source: AUTOMOTIVE RENTALS, INC.
  The term “Additional Insured Schedule” means an electronic data file provided by the Company on February 24, 2023, containing a listing of insured entities.

• Source: GENERATION INCOME PROPERTIES, INC. (GIPR)
  Agent represents and warrants to Owner that Agent will maintain at all times during the Agreement general liability insurance insuring Agent and Owner in the amount of at least $1,000,000 against any claim.

• Source: EzFill Holdings Inc (EZFL)
  Licensee will maintain general liability, auto liability, workers compensation, pollution liability, and umbrella liability insurance with coverage continuing.

What is Additional Insured?

An Additional Insured is a person or entity that is not initially named in an insurance policy but is added to provide them with coverage under the policyholder’s insurance.

When should I use Additional Insured?

You should consider using an Additional Insured endorsement in situations where:

• A contract or agreement requires one party to be added to another’s insurance policy.
• You engage in a lease or rental agreement to ensure that all parties have adequate protection against potential claims.
• You collaborate on a project with shared responsibilities and wish to manage risk jointly by extending coverage.

How do I write Additional Insured?

To effectively define an Additional Insured within an insurance policy, you must:

1. Identify the Additional Insured: Clearly state the name and address of the individual or entity to be covered.
2. State the Scope of Coverage: Outline the specific benefits and protections that the additional insured is entitled to under the policy.
3. Specify the Duration: Indicate the period for which the additional insured status will be valid.
4. Attach to Insurance Policy: Add the specifics to the main policy as an endorsement or amendment.

Which contracts typically contain Additional Insured?

Contracts often containing Additional Insured clauses include:

• Construction Contracts: General contractors may list subcontractors.
• Leases: Commercial property leases often require tenants to add landlords as additional insureds.
• Vendor Agreements: Companies may require vendors to include them as additional insureds.