A Video Explaining the Requirements of the Additional Insured Endorsement in Construction Contracts

0
4KB

“Additional Insured” Requirements of Construction Contracts and Policies


Read the full article at https://www.linkedin.com/pulse/video-explaining-requirements-additional-insured-zalma-esq-cfe and see the full video at https://rumble.com/vg7oeh-a-video-explaining-the-requirements-of-additional-insured-provisions-in-a-c.html and at https://youtu.be/aBnA3wJkg8g and at https://zalma.com/blog plus more than 3700 posts.


Although the “additional insured” requirement provides additional security to the owner and architect, it can add to the cost of insurance. Regardless, the requirement is often included in contract documents and, if not carefully drafted, can result in multiple disputes as to which insurer is required to defend which insured. Construction contract language should be designed to avoid such disputes.


An owner and a contractor should make every effort to obtain language in their contract forms that will avoid ambiguous “additional insured” endorsements. The form language in the example above includes a requirement that the contractor provide the owner with a certificate, a copy of the actual endorsement making the owner an additional insured, and a copy of the entire policy. 

Gesponsert

We are 100% funded for October.

Thanks to everyone who helped out. đŸ„°

Xephula monthly operating expenses for 2024 - Server: $143/month - Backup Software: $6/month - Object Storage: $6/month - SMTP Service: $10/month - Stripe Processing Fees: ~$10/month - Total: $175/month

Xephula Funding Meter

Please Donate Here

Search
Nach Verein filtern
Read More
Health
Coronavirus treatment which apparently can save some 98 % of COVID patients!!! PLEASE CHECK AND DISTRIBUTE THIS INFORMATION!!!
Coronavirus treatment which apparently can save some 98 % of COVID patients!!! PLEASE CHECK AND...
Von Medic Ineman9 2020-06-06 15:30:02 0 8KB
Other
The Trigger of Coverage/Property Claims
A Video Explaining “Trigger” of Property Damage Coverage Read the full article at...
Von Barry Zalma 2021-08-11 12:13:32 0 3KB
Finance
Zalma's Insurance Fraud Letter - July 15, 2022
Zalma’s Insurance Fraud Letter Read the full article at https://lnkd.in/gdvVXh6i and at...
Von Barry Zalma 2022-07-15 12:36:56 0 5KB
Other
Imperfect Investigation Not Bad Faith
Imperfect Investigation Not Bad Faith Read the full article at https://lnkd.in/g-pQU7pr and see...
Von Barry Zalma 2023-09-20 12:26:54 0 3KB
Other
Insurance Appraisal
A Video Explaining how to Deal With a Demand for Insurance Appraisal Read the full article at...
Von Barry Zalma 2021-08-20 13:04:57 0 3KB