When it comes to a claim involving a party seeking additional insured coverage under the named insured's liability, it is important to remember that not all additional insured coverage is provided by standard ISO provisions. There are a wide variety of additional coverages available and many have strings attached to them.
One type of endorsement growing in popularity makes additional insured coverage contingent on an “insured contract.” Many people, including claims personnel, miss the significance of this requirement.
The best way to explain how this requirement results often in a surprise of no coverage is to review what the defined term “insured contract” means and then provide an example of how additional insureds learn that they are without coverage after a claim.
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