Additional Ignored? Understanding the Rights and Potential Pitfalls That Come With Being Designated an Additional Insured on an Insurance Policy

In the hospitality industry, it is common for franchisers, property owners and others to secure insurance coverage by having themselves designated an Additional Insured under another entity’s insurance policy. The availability of Additional Insured insurance coverage may allow policyholders to receive insurance protection for their claims without having to rely upon their own insurance programs, thus avoiding driving up their own insurance premiums. But being named an Additional Insured is not without risk. This session will identify the potential problems involved with seeking coverage as an Additional Insured and provide proven strategies for avoiding the pitfalls of changing claims-made insurance providers, understanding and precluding problems arising out of Other Insurance provisions, the danger of finding different definitions in different policies and making sure you really do constitute an Additional Insured under the Named Insured's policy. This session also will provide practical tips and effective approaches for dealing with the Named Insured and the insurance company in order to maximize the coverage available to you.