What is an “additional insured” and when should a chapter ask the insurance company to add an additional insured? What is the cost of adding an additional insured?
A. An additional insured is an individual or entity that is specifically listed on the general liability policy that has been approved by the Executive Offices. Additional insured status provides protection for the additional insured in situations where they are brought into a claim or named in a lawsuit as a result of the Fraternity’s negligence.
