An Additional Insured Clause is attached to a third-party liability policy in order to extend coverage provided under an insured’s policy to the party named within the clause. A third party, such as a client, vendor, or partner, typically will request additional insured status relating to services performed by the policyholder or as a condition outlined in a contract or agreement. For example, let’s say ABC Company leases building space from 123 Rentals. 123 Rentals requests that it be named as an additional insured on ABC’s Commercial General Liability policy. An individual slips in the building, breaks an ankle, and […]