If you provide professional services to others, then you have more likely been requested on one or more occasions to list your client as an “Additional Insured” on certain insurance policies that you maintain. This is a commonly accepted risk management strategy that is designed to shift the responsibility to indemnify for a loss to the party who is legally responsible and hopefully be defended by that party’s insurance company.
My husband has the same answer for a question I have learned to ask less and less through the years. I ask, “You know what I don’t understand?” and before I get to the rest of my point, he interjects, “French.”
Chevy Chase, MD - Victor O. Schinnerer & Company announces Intro to Professional Liability Guide. This guide was created to help policyholders and their clients gain a basic understanding of some commonly misunderstood features of professional liability insurance and to emphasize the risks to their real and business personal property.
The Client's Resource: Intro to Professional Liability Insurance explains commonly misunderstood facets of professional liability to combat client requests that insurance companies are sometimes unable to grant, such as additional insured provisions.
Most people probably wouldn't be thrilled if someone referred to their newborn child as "the plumb bob." But as an insurance agent who works primarily with land surveyors, I understand that this nickname for my son conveys genuine affection...