"Additional Insured" means the association is added to and protected by the insurance policy of another party (frequently a vendor hired by the association).
Endorsement. Being added as an additional insured to a vendor's policy is normally done as an endorsement on their policy. It makes the association a first-party claimant in the event the association is sued because of some act or omission by the contractor/vendor. In other words, the association can demand that the vendor's insurance carrier defend the association. The additional insured endorsements should include both:
Ongoing Operations. This protects the association from claims made while work is being performed by the vendor.
Completed Operations. This endorsement covers claims made after the work has been completed. The endorsement may be on the same form as ongoing operations or may be on a separate form.
Notice of Cancellation. As an additionally insured party, the association will receive notice if the
policy is canceled or not renewed for any reason.
ASSISTANCE: Associations needing legal assistance can contact us.
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