What does Additional Insured mean?
When Coastal Carolina University is listed as an additional insured, it means that Coastal Carolina University’s interests are protected under the insurance policies purchased by the outside party with respect to any work, product, etc., provided to us by the outside party. It allows us to “bypass” our own insurance and use the insurance provided by the outside party. It would also grant Coastal Carolina University rights to coverage for losses arising out of the services or products that the vendor supplies.
When the Nevada System of Higher Education (NSHE) is listed as an additional insured, it means that our interests are protected under the insurance policies purchased by the outside party in regard to the work performed, service provided, product provided, etc. by the outside party. Essentially, it allows us to use the insurance provided by the outside party. The Nevada System of Higher Education (NSHE) should always be listed as an additional insured on all general, auto and umbrella or excess liability policies purchased by outside parties.
