Additional Insured
Term · Environment · MLC-T-ENV-000469
An individual or entity that is not automatically included as an insured under the policy of another, but for whom the named insured's policy provides a certain degree of protection. The named insured's impetus for providing additional insured status to others may be a desire to protect the other party because of a close relationship with that party (e.g., redevelopment authority serving as an intermediary during the cleanup and redevelopment process) or to comply with a contractual agreement requiring the named insured to do so (e.g., customers or owners of property leased by the named insured). In most cases, additional insureds are protected only when a claim filed against them also is filed against the named insured.
| Identifier | MLC-T-ENV-000469 |
|---|---|
| Field | Environment |
| Subject | Land, waste and cleanup |
| References | Environmental Insurance and Risk Management Tools Glossary |
Record as JSON
{
"id": "MLC-T-ENV-000469",
"term": "Additional Insured",
"field": "Environment",
"definition": "An individual or entity that is not automatically included as an insured under the policy of another, but for whom the named insured's policy provides a certain degree of protection. The named insured's impetus for providing additional insured status to others may be a desire to protect the other party because of a close relationship with that party (e.g., redevelopment authority serving as an intermediary during the cleanup and redevelopment process) or to comply with a contractual agreement requiring the named insured to do so (e.g., customers or owners of property leased by the named insured). In most cases, additional insureds are protected only when a claim filed against them also is filed against the named insured.",
"subject": "Land, waste and cleanup",
"references": [
"Environmental Insurance and Risk Management Tools Glossary"
],
"url": "https://mlchart.com/terminology/environment/additional-insured/"
}
Record 469 of 30,736 in Environment terminology (MLC-0121). Request the full dataset.