Additional Insured Responsibilities: Protecting Your Business
In the realm of insurance, \”additional insured responsibilities\” refers to a contractual agreement where one party (the \”additional insured\”) is granted coverage under another party\’s insurance policy (the \”primary insured\”). Consider a construction project where a subcontractor\’s negligence causes damage. The general contractor, as the primary insured, might have additional insured coverage extending protection to the subcontractor.