According to the Florida Senate's bill analysis and fiscal impact statements, the legislation is intended to create a "statutory framework regarding when and how insurers are required to provide loss ...
Additional Insured Coverage: Asked, Answered and Unanswered This article examines emerging areas of certainty and uncertainty in AI coverage in the wake of 'Burlington' (arguably the most impactful ...
An additional insured endorsement is an amendment to the named insured’s policy, usually the general liability policy, that extends coverage under the terms of the policy to another entity. “This is ...
Many businesses shift risk by requiring others with whom they do business – e.g., vendors, subcontractors, suppliers, and others – to procure insurance on their behalf by making the business an ...
Additional insured — it’s a standard practice in most industries to require vendors to protect you under their insurance policies. These insurance transfers occur most frequently when hiring companies ...
The effectiveness of contractual risk transfer is more strained than ever. Upstream parties have attempted to toughen the insurance requirements in their construction contracts, using terms that truly ...
THE COST OF INSURANCE has gone up and coverage seems to be shrinking. Is it any wonder that owners and general contractors want to make sure that their insurance isn’t going to be called upon to pay ...
It is common among parties to sophisticated construction projects, service agreements, leases, and many other types of projects and transactions, to assess the risks associated with their contractual ...
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