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additional-insured

The Role of Additional Insured Endorsements in Risk Management

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The concept of additional insured is a crucial component of commercial insurance policies, enabling businesses to extend coverage to other parties without directly naming them on the policy. This provision offers numerous benefits, including aligning with industry best practices, protecting against potential liabilities, and streamlining insurance administration. By understanding the purpose and scope of additional … Read more

Protecting All Parties: Adding a Trust and Lender as Additional Insureds on Insurance Policies

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In the intricate world of insurance, a trust and a lender often share the role of multiple additional insureds without title. This unique arrangement, known as a “mortgagee clause,” grants these parties a specific set of rights and protections. By ensuring that the trust and lender have a vested interest in the property, this clause … Read more