Additional Insured Endorsements: Are you maximizing your construction insurance protection?

Posted by John Cofini on Wed, Aug 08, 2012 @ 03:07 PM

Additional Insured coverage and endorsements are at the center of many construction insurance contract disagreements, misunderstandings, and costly lawsuits in the construction industry. Additional Insured endorsements are usually worded in fairly broad terms and often include conditional limitations on coverage. They also often contain assertions that they will be excess to other insurance policies (the "Other" Insurance problem). When these assertions conflict with opposite provisions in other policies, disputes can arise based on the responsibility of an insured in causing an incident, and the liabilities of their respective insurance companies.

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Tags: construction insurance, new york contractor insurance, insurance for contractors, additional insured endorsements