We’re often asked by our clients to help them understand what an additional insured is and how to make sure they’re properly fulfilling their contract requirements and protecting their business. In its most basic form an additional insured endorsement identifies a specific third party that is covered by another company’s insurance for claims against them. […]

You have collected a certificate of insurance from your tenant or vendor, but are you listed as an additional insured on the correct additional insured endorsement? The only way to confirm your company is protected is if you and your tenants/vendors have the correct policies and endorsements in place. A certificate of insurance listing additional insured […]

Improvements and Betterments coverage is a type of property insurance for an insured who is leasing space from another. Often, a tenant will lease commercial space from a landlord and require permanently installed fixtures or improvements to carry on operations. The tenant does so at their own expense. When this occurs, the landlord will often […]

By: Kenneth Gorenberg, Barnes & Thornburg LLP In your professional or your personal capacity, you probably have several opportunities to consider whether to report something to an insurance company. In many instances, there would be very little downside and plenty of upside potential if you go ahead and tell the insurer. Here are 10 reasons […]

INDIANAPOLIS, Ind. – myCOI, an emerging insurance technology company headquartered in Indianapolis, has completed a $1M round of funding led by the Indiana Angel Network Fund and other angel investors in Indiana and California. This investment will allow myCOI to hire 20 new employees by July 2015. Already, the company has made five new hires […]

By: Charles P. Edwards, Partner at Barnes & Thornburg, LLP For those companies that are seeking additional insured status, keep in mind that there have been major changes in how that insurance status is written. The Insurance Services Office, the drafter of many “standard form” insurance policies and endorsements, has been paring back coverage for […]

The process of tracking and managing certificates of insurance takes time and can be very complex. The amount of resources drained on this task often leaves companies asking, “Does tracking my incoming certificates of insurance really make a difference?” Ask any CFOs, Legal Advisors, or Risk Managers this question and you will find a common […]

An additional insured is a person or organization that is provided insured status under another parties’ insurance policy. It is a common requirement in many contracts where transference of risk is desired. Additional insured status grants protection from risk and liability that may arise out of the named insured’s operations, performance, negligence or conduct. Many […]

Small businesses are the engines that drive much of the economic growth and job creation in the U.S. economy. With so much personal investment, sweat equity, and long work weeks, it’s easy to see why business owners want to protect themselves from risk and liability. If you’ve ever contracted with a third party for anything, […]

Even with the rise in popularity of e-mail, many of us still are inundated with good old-fashioned mail–from advertisement sections, credit card offers to paper copies of bills you’ve already paid online, to your pet’s veterinary appointment reminder. If you leave your home or office for a week, you can practically count on becoming buried […]