Additional Insured
An additional insured endorsement extends liability coverage to a party that is not the policyholder — typically the company hiring the contractor.
When your contract requires you to be named as additional insured, the contractor’s policy must be endorsed to cover you for liability arising from their work. COIFort lets you require this on every certificate and flags submissions that lack confirmation.
More from the glossary
- Certificate of Insurance (COI)A COI is a summary document issued by an insurer that proves a policy is in force: coverage types, limits, effective and expiration dates.
- General Liability InsuranceCGL coverage protects a business against third-party claims for bodily injury, property damage and personal injury.
- Workers CompensationWorkers comp covers medical costs and lost wages for employees injured on the job. Most states require it for employers.
- Certificate HolderThe certificate holder is the party listed on a COI who receives proof of the policyholder’s coverage.
- ACORD 25 FormACORD 25 is the standardized Certificate of Liability Insurance form used across the US insurance industry.
- Coverage LimitThe coverage limit is the maximum amount an insurer will pay under a policy — per occurrence and in aggregate.
- COI Expiration TrackingExpiration tracking means monitoring certificate expiration dates so coverage never lapses unnoticed.