T&T: Named vs. Named as additional insured.

[Phil de l'Etoile]

Greg,

Not to put to fine a point on this, but I believe you mean "Additional
Insured" vs. "Additional Named Insured".  All that you mentioned
applies to Additional Named Insureds, while there is only minimal
protection for Additional Insureds.

The technical and legal distinctions are not important in this forum
especially since it is very unlikely that that any of us would ever be
able to convince an underwriter to add an Additional Named Insured
endorsement to our policies.

I guess this subject has some potential for expanded discussion so let
me just say that first of all you have to actually pay for an
Additional Named Insured endorsement, and there is an underwriting
process involved as well.  An Additional Insured Endorsement is
usually as casual as issuing a Certificate of Insurance, which is
pretty much on an as requested basis.

Just to put things in prospective, I'm guessing that in 5 years as a
large lines casualty underwriter, I may have issued 10+ Additional
Named insured Endorsements, and those were to companies whose casualty
insurance premiums ranged from $1-15 million per year.

Phil de l'Etoile

On 1/2/08, Greg Bowers <gregb at jgbowers.com> wrote:
> Thought I would weigh in here.  I'm sure other professionals are able to add
> to this as well but what I suspect is that most would want to be 'named' at
> the very least so that they would receive notifications.  Policy expiring,
> premium unpaid notices etc will go to the parties 'named'.  A law suit
> against the insured would also involve the 'named insured' (if the marina
> got sued, then you could be liable to the limits of your policy as well) but
> it would not involve the 'named' party.
>
> Greg
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