Limited Liability Company as an Insured

September 12, 2012

This applies to general liability, auto, and umbrella liability. In the Section II – Who is An Insured section of the ISO based forms, part 1.c states "Your members are also insureds…" However part 4 states "No…organization is an insured with respect to the conduct of any current… limited liability company that is not listed as a Named Insured in the Declarations." So if one LLC is a member holding interest in another LLC, and not a listed Named Insured on a liability policy, is the holding LLC covered for liability related to the other LLC's operations as a member or excluded by part 4?