Description
Analyze additional insured and certificate of insurance issues encountered by an insured when signing contracts. Study
examples of hold-harmless and indemnification agreements frequently found in lease agreements and construction
contracts. Explore the difference in protection for a “named insured,” an “automatic insured,” and an “additional insured.”
Examine the extent of coverage in a Commercial General Liability (CGL), Commercial Umbrella/Excess, and Business Auto
Coverage form for liability assumed in a contract. Discuss frequently requested alterations, such as notice of cancellation or
nonrenewal, primary and noncontributory wording, provide notice of material change, and waiver of subrogation. Study steps
that can be taken to reduce problems from the standpoint of the agent, carrier, insured, and certificate holder.