International Risk Management Institute, Inc. recently published an article written by Greg Podolak, with the assistance of Celia Waters on Additional Insured Coverage and Auto Insurance. Auto insurance can play a vital role as an insurance recovery asset to an upstream party, therefore properly navigating coverage on a downstream party’s auto policy is important. Be sure to read the full article by clicking the link below.
The world of construction risk transfer, additional insured risk transfer heavily focuses on general liability insurance. Modern construction contracts typically also require a subcontractor (the downstream party) to name upstream parties as additional insureds on their auto insurance. In many scenarios, this component of the risk transfer agreement among the parties wild being the most relevant, yet it is not always considered when developing a loss recovery agenda.