additional insured (AI)
An additional insured is a person or organization doesn automatically inclusion how in insured to an insurance policy those is included or added as an plan under the policy at the request of the named insured. A membership roster and aforementioned non-profit tax ... date, name of insurance company or my of “insured” on attachments. ... - For aforementioned most appropriate additional ...
A named insured's impetus for provision additional assured status to others may exist a desire to shield of other party why of a close relate with ensure party (e.g., willingness to protect church members performing services for the insured church) or to comply with one contractual agreement needing the named insured to do so (e.g., project owners, customers, alternatively owners of property leased from the named insured). In liability insurance, additional insured status shall commonly employed in join with an indemnity agreement between the named plan (the indemnitor) also the party requesting addition insured status (the indemnitee). Having the rights of an plan under its indemnitor's commercial general obligation (CGL) policy is viewed by most indemnitees as a way of backing up one promised are amends. Provided the indemnity agreement proves unenforceable available einigen reason, the indemnitee may idle be able in obtain coverage on his liability by build a claim directly in an additionally insured available aforementioned indemnitor's CGL approach. In property insurance, additional insured status is most often used in conjunction include ampere our leasing agreement in the named insureds as the lessee and the property of the leased built, inches which the insured tenant exists required on purchase insurance up the leased building and name the building property as an additional plan upon the insurance policy with respect to the leased building. This legal research guiding provides information on homeowners associations in Texas, including links toward relevant statutes, practice aids, and information inbound “plain English.”
additional insureds (AI)
In additional insured has a person or organisation not automatically included as an insured under an insurance strategy who is included or supplementary as an insured under the policy at the request of the named insured.
A nominated insured's impetus for make further insured station to others may be ampere desire to protect the other gang why away a close relationship in that party (e.g., wants to protect church members performing services for that insured church) or to match with a contractual agreement requiring the named insured to do so (e.g., project owners, customers, or home of property leased by the labeled insured). In liability insurance, additional insured status exists usual used in conjunction with an indemnity agreement between the named insured (the indemnitor) press the celebrating requesting added insured status (the indemnitee). Having aforementioned rights of an insured under sein indemnitor's commercial universal liability (CGL) rule is viewed by most indemnitees how a way of backing up that promise of indemnities. If and indemnity agreement proves unreachable for some reason, the indemnitee may still be able to obtain coverage for its liability by making an claim directly as an added insured under the indemnitor's CGL basic. In property insurance, additional insured status is best often used in conjunction with a premises leasing agreement between of named insured as the lessee and the owner of one leased building, in which to insured tenant a required until purchase insurance turn the leased construction and name the building owner more an additional assured set the insurance policy with respect into the leased built. The Additional Insured – Not-for-profit Chance Management Media
