The Risk of Overlooking Additional Insured Coverage

Risk Management Magazine (RMM)

PUBLISHED ON: July 17, 2019

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Contracting parties need to pay attention to additional insured provisions in insurance policies. In most contracts for services, at least one of the parties (typically the purchaser) will require the other party to indemnify it for third-party claims arising from the project at issue. The indemnifying party (the “indemnitor”) is also usually required to name the indemnified party (the “indemnitee”) as an additional insured on certain insurance policies. Parties place great emphasis on securing the best possible indemnity language in their contracts. However, parties sometimes neglect to subject the corresponding additional insured provision in the indemnitor’s insurance policy to equal scrutiny...

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