Overview
Standard form contracts and purchase orders often require contract counterparties to add one another as additional insureds to general liability, property and other insurance policies. Relying upon another parties’ insurance coverage can offer important benefits to the additional insured, whose own insurance coverage may not be implicated in the event of a claim. At the same time, relying upon additional insurance coverage can present pitfalls. A variety of forms are used to provide this coverage and these different forms may provide less (or more) coverage than the parties understand or anticipate. This OnDemand Webinar will provide a critical review of both the basics of additional insured coverage and a discussion of recent important developments.
Learning Objectives
• You will be able to explain what it means for someone’s interest to be insured.
• You will be able to discuss alternatives to additional insured coverage.
• You will be able to recognize the differences between CGL and property insurance policies.
• You will be able to review practice pointers when dealing with additional insured requirements in contracts.
Authors
Jenna Kirkpatrick, Wells Fargo Insurance Services
Stephen D. Palley, Howrey LLP
Self Study Credit - OnDemand Webinar
| CC | 0.5 | | |
| CLE | 1 | PA | |
| CLE | 1.45 | TN | |
| CLE | 1.5 | AK, AL, AZ, CA, HI, IL, MT, ND, NY, OR, VT, WA, WI | |
| CLE | 1.8 | MO, NJ, WV | |
| CLE | 2 | CO | |
Self Study Credit - CD & Reference Manual
| CC | 0.5 | | |
| CLE | 1.5 | AK, AZ, CA, GA, HI, ME, MT, ND, NV, NY, OR, UT, VT, WA | |
| CLE | 1.8 | MO, NJ, WV | |
| CLE | 2 | CO | |
Self Study Credit - Podcast
| CLE | 1.5 | AK, CA, ME, MT, ND, NV | |
| CLE | 1.8 | MO, WV | |
Agenda
The Basics
- Terminology - First-Party, Third-Party, Named Insured, Additional Insured, Additional Named Insured
- Distinctions Between CGL and Property Insurance Policies
- What Does It Mean for Someone's Interest to Be Insured?
Understanding the Forms
- Rights and Responsibilities
- ISO and Non-ISO Forms Endorsements - Which Provide the Broadest Coverage?
- Coverage for Ongoing and Completed Operations
- Contract Requirements
Scope and Limits of Coverage
- Coverage for Vicarious Liability
- Coverage for Sole Negligence
- Alternatives to Additional Insured Coverage
- Understanding on How to Utilize Contract Wording and Certificates of Insurance
