What additional insured means
An additional insured is a person or company added to your liability policy by endorsement so your policy also protects them for claims from your work.
Also called additional insured endorsement.
Where it shows up in your business
General contractors and property managers often require it. There may be a fee, so build it into the bid when the contract calls for it.
Work it out
- Free template: Subcontractor agreement template
- Money: Money guides for contractors