Investopedia

Continue to Site »

Additional Insured

Filed Under » ,
Dictionary Says

Definition of 'Additional Insured'

A type of status associated with general liability insurance policies that provides coverage to other individuals/groups that were not initially named. After endorsement, the additional insured will then be protected under the named insurer's policy and can file a claim in the event that they are sued.
Investopedia Says

Investopedia explains 'Additional Insured'

For example, a business may ask a contractor to add them as an additional insured in their general liability policy. This is to protect the business in the event of any legal claims arise as a direct result of the contractor's work/presense.

Articles Of Interest

  1.

    Cover Your Company With Liability Insurance

    Every business is susceptible to legal action. Find out how to protect yours.

  2. Protect Your Company From Employee Lawsuits

    Understanding employment practices liability insurance is easy, once you know the basics.

  3. Filling The Gaps In General Liability Insurance

    Standard liability coverage may not be enough. Special needs call for specialized policies.

  4. Automatic Cancellation Of PMI When You're Underwater On Your Mortgage

    You might be suprised to learn that after reaching certain criteria, your PMI will be automatically cancelled.

  5. New Year Planning For Business Owners

    Make a resolution to start your business off on the right foot in the new year.

  6. Reasons Renting Is Better Than Buying

    Owning a home is much more expensive than renting. Here are the places where the costs differ greatly.

  7. The Hidden Costs Of Wedding Insurance

    Weddings don't always go smoothly. Here's how you can protect yourself from things backfiring.

  8. Is Loan Protection Insurance Right For You?

    This coverage can keep you from defaulting on your loans when you're in financial trouble.

  9. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.

  10. How Much Does Your Pet Truly Cost?

    Here's a look inside the visible and hidden costs of pet ownership. There are many costs that pet owners can overlook.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  2. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  3. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  4. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  5. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.

  6. Lease To Own

    An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time.
Trading Center