Additional Insured Endorsements
Last updated: July 15, 2011 by TheEventHelper
In United States liability insurance policies, an additional insured is a person or organization that is listed as an insured on a policy. This is in addition to whoever purchased the policy.
Definitions are good and all, but examples are better.
Lets say someone is having a wedding at a local wedding venue. The couple putting on the wedding are asked by the venue to purchase an event insurance policy. When the couple fills out their policy info they are going to enter their contact info as the insured and list the venue as the additional insured.
The venue is going to require the couple to do this so that they enjoy protection from a new risk that arises out of the couple's conduct or operations. That way if there is a claim at the wedding the insured and the venue are both protected under this policy.