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

0
5K

“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. 

Sponsored

We are 100% funded for October.

Thanks to everyone who helped out. 🥰

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
Categories
Read More
Other
Present as Real a Free and Imaginary Oral Estimate as Proof of Claim is Fraud
False Swearing & Fraud in Claim Presentation Voids Policy Read the full article at...
By Barry Zalma 2024-07-15 13:06:52 0 1K
Other
Tinkle Steals as an Authorized Representative
Tinkle Steals as an Authorized Representative Read the full article at https://lnkd.in/gZresFZf...
By Barry Zalma 2023-06-02 12:48:31 0 4K
Other
A Video Explaining the Difference Between Property & Liability Insurance
Interpretation of First and Third Party Insurance Policies Read the full article at...
By Barry Zalma 2020-12-16 14:07:46 0 4K
Other
A Video Explaining the Red Flags of Liability Claims Fraud
Every Adjuster Must be Familiar With the Indicators of Fraud Read the full article at...
By Barry Zalma 2021-03-24 13:20:23 0 4K
Politics
JIHADWATCH
https://www.jihadwatch.org/2020/07/russia-muslim-with-kalashnikov-rifle-and-hand-grenades-shot-de...
By Mary Bourne 2020-07-31 21:48:40 0 3K