When we contract with a downstream party, we are looking to their insurance carrier to defend and potentially even pay out damages on our behalf, so that our carrier doesn’t have to. Understanding exactly where in their General Liability & Umbrella policy this is done is imperative to achieve proper risk transfer measures.

Sole Negligence vs. Tort.

The focus is going to be primarily on Florida law but can apply to other states as well.

This is done via additional insured endorsements. However, there are hundreds of additional insured endorsements… which one do we choose???

Additional insured statuses started coming to market dating back to 1985. And it started off extremely broad. But over time it got more and more restrictive. However, those broad forms still exist in the marketplace. As do the restrictive ones. In this class, you will learn about the differences and how to identify them.

Once we have a full understanding of how it all works and what we are going to be asking of our downstream parties, it is imperative our verification process confirms everything properly on the back end.