In a post on the Insurance Journal Dwight Kealy discusses the importance of knowing your sub-contractors additional insured forms. It’s very important if you use sub-contractors or if your a home-owner hiring a contractor to know how their insurance will or will not protect you.
Few key things to keep in mind:
- Always make sure you are listed as additional insured
- Always get the form # of the additional insured endorsement, and request a copy.
- Discuss with your insurance broker how that form will affect you.
The below image gives a very brief summary of the different ISO forms and how they provide coverage. Some companies will use their own forms which creates additional headaches and careful review.
Check out the full article here.
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