Bottoms up! Or, said otherwise, let’s start with the bottom line. ON BALANCE, you’d rather be an additional insured on someone else’s liability policy, not an additional named insured. For one, it isn’t even clear what is meant by “additional named insured.” There is a named insured and there is an additional insured. There are also some people who are automatically insured. (Those are employees and other people similarly related to a named insured.)
Look as you will in a commercial general liability (CGL) policy, but you won’t find an “additional named insured.” Search all you want, you won’t find a pre-arranged policy endorsement designating an “additional named insured.” [Read more…]
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