Goodbye COI
It's time to go digital...
NAME INSURED:
USA TOTAL CONSTRUCTION LLC
LINE OF BUSINESS:
COMMERCIAL GENERAL LIABILITY
ADDITIONAL INSURED TOTAL
Ever wanted to make an "additional insured" feel small?
This is how you'd do it...
Imagine a widget that tallys up every additional insured on a commercial general liability policy.
Granted "blanket additional insured" endorsements have reduced the need for countless specific additional insured endorsements (which makes this concept somewhat of a challenge)...the main utility of a widget like this is to put things in perspective for entities that are requesting additional insured coverage.
Considering that all additional insured parties are essentially "sharing limits" with all other additional insureds (and the primary name insured), a widget like this would help additional insured entities understand that they are not the only additional insured on the policy.
When put in perspective with this data widget, entities that request additional insured status will better understand that this endorsement is not the "end all be all" endorsement to "save the day" and completely transfer/mitigate all risk and "give everything" to the additional insured.
In turn, once additional insured entities understand that "they are not alone" they might be encouraged to gain a better understanding of the endorsement's purpose (which should include understanding ISO changes to additional insured forms and anti-indemnification laws that address and limit coverage for the sole-negligence of an additional insured).
