An "additional insured" clause in an insurance policy extends coverage to other individuals or entities not originally named in the policy, typically providing them with the same protection as the primary insured. This clause is commonly used in business contracts to protect partners, landlords, or clients from potential claims related to the policyholder's actions or services.
Additional Insured Term Insurance Benefit - We will pay, upon receipt of due proof of the death of an Additional Insured while this Rider is in force, the Additional Insured Term Insurance Benefit. The amount of the Additional Insured Term Insurance Benefit for an Additional Insured is the Specified Amount for such Additional Insured as shown on Page 3 of the Policy.
With respect to each obligor of the Lease Sample Receivables, we will obtain the Insurance Coverage File to note that the Servicer (either Element Vehicle Management Services Group LLC, Gelco Corporation, or Element Fleet Corporation) and either D.L. Peterson Trust or Gelco Fleet Trust are identified as an additional insured or loss payee either (i) directly, by being named in such evidence of insurance, or (ii) indirectly, (a) by acknowledgment contained in the Certificate of Insurance or the signed insurance binder that the coverage as an Additional Insured extends to “lessors” generally, or (b) by acknowledgment contained in the Certificate of Insurance or the signed insurance binder that additional insured coverage (or loss payee status) is extended to parties when required by written contract and in accordance with the policy provisions of the underlying policy or policies (or language of substantially equivalent effect).
In instances where coverage as an additional insured or status as a loss payee was evidenced by a statement that such coverage is extended to parties when required by written contract, we confirmed that the applicable lease agreement requires the obligor of the Lease Sample Receivables to maintain insurance coverage that 1) requires the Servicer and D.L. Peterson Trust or Gelco Fleet Trust, as applicable, be named as additional insured or loss payee, 2) requires obligor to name parties as loss payee or additional insured as directed by lessor thereunder, or 3) requires obligor to name lessor thereunder as additional insured or loss payee, where the “lessor” status is freely assignable to the Servicer, affiliates of the Servicer or titling trusts per the terms of the applicable lease agreement. The Insurance Coverage Files obtained were in the name of the obligor or the guarantor of the obligor per the Credit File, except for the Lease Sample Receivables noted below.
One of the Sample Leases has Insurance Source Documents that indicate physical damage and liability insurance coverage and identify “Enterprise FM Trust” as the additional insured. We were unable to observe a loss payee.
Four of the Sample Leases have System Screen Shots that indicate “Enterprise Enrollment Coverage” as the insurance carrier for only physical damage and that indicate the amount of physical damage insurance that is billed each month and have Insurance Source Documents that indicate liability insurance coverage and identify “Enterprise FM Trust” as the additional insured,
For the purpose of the procedure described in Item 3.f. of Attachment A for Sample Leases that have System Screen Shots that indicate “Enterprise Enrollment Coverage” as the insurance carrier for both physical damage insurance and liability insurance, the Sponsor, on behalf of the Issuer, instructed us to use “EHI Physical Damage Plan and Liability Plan” for the loss payee name and additional insured name.
We observed the existence of a Certificate of Insurance Coverage or a Certificate of Liability Insurance and identified the additional insured party as one of the names on the Additional Insured Schedule. For certain samples where a Blanket Additional Insured endorsement was applied and no specific parties were listed as the additional insured party, the Company instructed us to use the Certificate Holder on the Certificate of Insurance Coverage or the Certificate of Liability Insurance and identify the additional insured party as one of the names on the Additional Insured Schedule.
Observed the loss payee name for physical damage insurance and additional insured name for liability insurance in the corresponding Insurance Source Documents (as applicable and available) or corresponding System Screen Shots (as applicable). As instructed by the Sponsor, on behalf of the Issuer, we listed the loss payee name for physical damage insurance and additional insured name for liability insurance that we observed, as shown in such Insurance Source Documents (as applicable and available) or System Screen Shots (as applicable), for each Sample Lease on Exhibit 4 to Attachment A.
The term “Additional Insured Schedule” mean an electronic data file (“Additional Insured Schedule _Titling Trust Owner Schedule.xlsx”) provided by the Company on February 24, 2023, containing a listing of insured entities and abbreviations that are acceptable variations of “Automotive Rentals, Inc.” attached hereto as Exhibit C.
We observed the existence of a Certificate of Insurance Coverage, a Certificate of Liability Insurance, or Certificate of Self-Insurance and identified one of the names on the Additional Insured Schedule as an Additional Insured party or the Certificate Holder.
Agent represents and warrants to Owner that Agent will maintain at all times during the Agreement general liability insurance insuring Agent and Owner in the amount of at least $1,000,000 against any claim or liability from third parties arising out of Agent’s acts or omissions under this Agreement. Agent shall name Owner as additional insured on Agent’s insurance policy and provide Owner annually with a certificate of insurance and a copy of the endorsement showing that Agent’s insurance policy has been modified to add Owner as additional insured in accordance with Appendix A (attached).
Owner shall carry, at its expense, commercial liability insurance and worker’s compensation insurance (if Owner has employees) to protect the interests of Owner and Agent, who shall be named as an additional insured, under this agreement. Owner shall provide Agent with a certificate of insurance evidencing such coverage. The commercial liability insurance coverage shall have minimum limits of $2,000,000 including premises/operations, products/completed operations, independent contractors, advertising liability, personal injury liability and contractual liability. All such insurance shall be primary, except with respect to the Agent’s breach of this Agreement or its gross negligence or willful misconduct, in which event Agent’s insurance shall be primary.
Licensee will maintain the aforementioned general liability, auto liability, workers compensation, pollution liability, and umbrella liability insurance with coverage continuing in full force, including the additional insured status, for the Term. Licensor’s insurance shall be excess over any coverage provided to them as an additional insured under said Licensee’s additional insured endorsement naming the Licensor.
Additional Insured. Licensor shall be named as an additional insured, utilizing an ISO standard endorsement, on a primary and non-contributory basis on all policies, except workers’ compensation and professional liability. The general liability policy shall name Licensor as an additional insured utilizing an ISO standard endorsement at least as broad as CG 2010 11 85 (policy or endorsement will include coverage for “your work”, including ongoing operations as well as products & completed operations).
Throughout the period between the date on which Tenant’s design build contractor commences construction of the Waterford II Improvements and the Substantial Completion Date, Tenant’s design build contractor shall, at Tenant’s sole cost and expense, maintain in force with respect to the Waterford II Improvements an all-risk builder’s risk insurance policy on a completed value basis in form acceptable to Landlord and in an amount equal to the full replacement cost of the Waterford II Improvements, which policy shall name Landlord (and its lender) and Tenant as additional insureds and shall name Landlord (and its lender) as loss payees.
Each manufacturer, supplier and vendor is required to carry the following types of insurance: General Liability including Products/Completed Operations Coverage’s and Contractual Liability Coverage’s. BJ’s Wholesale Club, Inc. must also be listed as an additional insured via the Additional Insured — Vendors endorsement, ISO form # [*****] (or equivalent) and an Indemnification agreement must be signed.
A Certificate of Insurance naming BJ’s Wholesale Club, Inc. as an additional insured.
In each instance where insurance is to name Landlord as an additional insured, Tenant shall upon written request of Landlord also designate and furnish certificates so evidencing Landlord as additional insured to the following parties (collectively “Additional Insured Parties”): (i) any lender of Landlord holding a security interest in the Project or any portion thereof and any servicer in connection therewith, (ii) the landlord under any lease wherein Landlord is tenant of the real property on which the Project is located, if the interest of Landlord is or shall become that of a tenant under a ground or other underlying lease rather than that of a fee owner, (iii) any management company retained by Landlord to manage the Project, (iv) the condominium association with respect to the Condominium, (v) any member, partner or shareholder of Landlord or the owner of any beneficial interest therein and/or (vi) any other party reasonably designated by Landlord.
An Additional Insured is a person or entity that is not initially named in an insurance policy but is added to provide them with coverage under the policyholder’s insurance. This designation extends some of the policy’s benefits to the additional party, typically for specific liability-related losses. The additional insured often gains coverage for defense costs, legal fees, and potentially other specified benefits in the event of a claim related to the primary insured’s operations or actions.
You should consider using an Additional Insured endorsement in situations where:
To effectively define an Additional Insured within an insurance policy, you must:
Example:
The additional insured endorsement should include the following language: “[Name of Additional Insured] is hereby afforded insurance coverage under this policy for the duration of [specific project/contract details], pursuant to the conditions stated herein.”
Contracts often containing Additional Insured clauses include:
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
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