Joseph L. Cohen, W. Mason and Sean Milani-nia | Fox Rothschild Consider the following scenario: the construction project is ready to proceed. The deal is done. The agreements have all been carefully crafted, with detailed provisions on insurance dedicated to reducing risk. Those provisions require the downstream trade contractors to furnish certificates of insurance listing… Continue reading Certificates as Evidence of Additional Insured Coverage Are All the Rage, But You Deserve Better
Tag: Certificate of Insurance
Information Or Indemnity: Do Certificates Of Insurance Grant Insured Status?
Michael J. Bayern | Butler Weihmuller Katz Craig Often, a person or entity that is attempting to claim additional insured status under the insurance policy of another will rely on a “Certificate of Insurance” that was issued by the named insured’s agent. However, there are some considerations an insurer should take into account when presented… Continue reading Information Or Indemnity: Do Certificates Of Insurance Grant Insured Status?
Constructing Additional Insured Coverage From A Certificate Of Insurance
Kenneth Gorenberg | Barnes & Thornburg If your company receives a certificate of insurance that says your company is an additional insured on someone else’s policy, can you rely on it? A recent decision from the Supreme Court of Washington suggests you can, at least if the certificate was prepared by the insurance company’s agent.… Continue reading Constructing Additional Insured Coverage From A Certificate Of Insurance
Can You Rely on a Certificate of Insurance
David Lynch | Construction Law | Kilpatrick Townsend & Stockton | November 4, 2019 Commercial contracts often require that the parties maintain certain liability insurance and that the policies also contain endorsements extending benefits, such as additional insured status and waiver of subrogation. In order to confirm compliance with the contract provisions, parties are generally… Continue reading Can You Rely on a Certificate of Insurance
Compliance with Contractual Provisions to Procure Insurance: The Illusion of Coverage Provided by Certificates of Insurance
Micalann Pepe and Nate Meyer | Jaburg Wilik Commercial contracts often require the party with less bargaining power to procure insurance for the party with more bargaining power as a way to shift risk and potential liability. General Contractors often require a Subcontractor’s policy to name the General Contractor as an “Additional Insured.” Lenders often require a Borrower’s… Continue reading Compliance with Contractual Provisions to Procure Insurance: The Illusion of Coverage Provided by Certificates of Insurance