Additional Insured and Contractual Indemnity Coverage in Commercial and Construction Contracts: Reconciling Contractual Obligations With Policy Terms to Maximize Coverage
October 12, 2011
Additional insured coverage is commonly used by parties in many types of business relationships to spread and transfer risk. The party seeking to be named as an additional insured should pursue the broadest form of coverage available. Another party is often named as an additional insured under a liability policy in conjunction with indemnity agreements. Understanding the relationship between contractual indemnification, insurance policy requirements, and additional insured status is key to maximizing coverage and recovery. Additional insured coverage and contractual indemnification are common risk management tools for construction projects, so much of the case law in this area emanates from construction litigation. Construction contracts give rise to unique challenges in drafting risk transfer provisions.
Join insurance attorney Stephen D. Palley as he co-presents a webinar/teleconference on additional insured coverage, contractual indemnification and the use of AI coverage and indemnification to effectively transfer risk in construction contracts. The program is offered by Strafford Publications.
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