T&T: Insurance (Additionally Insured Marinas)

[John Blackburn]

I have to agree that in the business world, having a company named as an 
additional named insured is a common business practice.  I can't 
understand what the concern would be.

I know that if I owned a marina, I would require slip holders to carry 
insurance and I would insist that the marina was an additional named 
insured.  Just good business practice.

This doesn't increase your insurance costs at all.  I manage a high rise 
condo and the mtg. holders of the units are all additional named 
insureds on the condo's master policy.  Just like your mtg. holder for 
your boat is an additional named insured on your boat policy.  The condo 
is an additional named insured on our contractors insurance.  Very 
common practice.

John Blackburn
44 DeFever "Yak Rack"
Deale, MD