Additional Insured
Key Takeaway
A person or entity added to an insurance policy who receives coverage under the policy but is not the named insured. In law firm contexts, landlords, co-counsel, and referral partners sometimes request additional insured status on general liability or malpractice policies to gain protection against claims arising from the named insured's activities..
Definition
A person or entity added to an insurance policy who receives coverage under the policy but is not the named insured. In law firm contexts, landlords, co-counsel, and referral partners sometimes request additional insured status on general liability or malpractice policies to gain protection against claims arising from the named insured's activities.
Why This Matters for Law Firms
This term defines the boundaries of what your insurance will and will not pay for. Law firms that misunderstand coverage terms risk discovering gaps in protection only after a claim has been filed, when it is too late to remedy the situation. Reviewing these terms with your broker before binding coverage is a critical risk management step.
Example Usage in Context
During a coverage review meeting, the firm administrator might note: "Our policy includes a additional insured provision -- let's make sure we understand exactly what that means for our specific practice areas before we sign off on the renewal."
Related Q&A
Related terms
Need help understanding your policy?
Get a free coverage review and we'll walk through every key term in your law firm's insurance program.