Tips and Tactics: Additional Insured Coverage

Sponsored by Aon Construction Services Group

Purchase this archived webinar for the introductory price of only $39! The archived version is an exact replay of the live webinar and is available for you to access for six months.

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Webinar-At-A-Glance

Requirements for additional insured status by owners and general contractors on the policies of the contractors in the tiers below them has become common place as a way to help offset some of the problems associated with complete reliance on indemnity provisions and contractual liability insurance discussed in the Indemnity webinar and in the Contractual Liability Coverage webinar. Unfortunately, additional insured coverage has come with its own set of problems which has caused insurers to constantly tinker with the endorsement wording in an effort to better define what coverage an additional insured does and does not receive under the endorsement.

This webinar will discuss the standard ISO construction additional insured endorsements, the problems associated with them, some of the nonstandard variations along with their implications, and the possibility of using an owners and contractors protective (OCP) policy in lieu of or in addition to additional insured status. This webinar will explore the following:

• The scope of coverage under the ISO endorsements
• Policy and endorsement language variations
• The use of an OCP versus additional insured

Who Should Consider Purchasing

This webinar is designed for P&C agents and brokers, P&C underwriters, and those charged with managing construction risks, purchasing insurance for construction projects (e.g., risk managers and financial managers), or negotiating construction contract provisions. It will also be informative for consultants, surety agents and brokers, surety underwriters, and attorneys who wish to improve their knowledge of construction insurance.

Benefits to Your Participation

Attendees will come away better able to:

• Evaluate whether your additional insured endorsement complies with your contractual obligations
• Draft requirements for others that can be met in the current marketplace
• Evaluate lower tier contractors’ programs to determine if they are complying with your additional insured requirements

Continuing Education Credit Information

Attending seven construction-focused IRMI webinars, such as this one, will satisfy the annual reaccreditation requirement for the CRIS^® program. CPCUs attending this webinar will be awarded one (1) CPD (continuing professional development) program point. This webinar has not been filed for and will not satisfy state insurance CE requirements in any state. It has also not been filed for CLE or CPE credit, but you may be able to self-file after attending the program.

Expert Presenter

The presenter for this webinar has extensive experience in construction risk management.

Frank Keres is principal of Construction Risk Associates, Inc., with a main office near Chicago. He works with contractors and brokers, insurers, and owners who deal with contractors. He works on specific assignments and general consulting, and the majority of his work is as an outsourced risk manager. Before forming Construction Risk Associates, Mr. Keres was risk manager for Safway Services, one of the nation’s largest subcontractors with more than 70 locations. Mr. Keres has also worked within Aon Risk Service’s Construction Group and was one of the earliest construction risk managers when he worked for James McHugh Construction Company in Chicago. An energetic and enthusiastic speaker, he is a recipient of the IRMI Words of Wisdom award.

Following the presentation, attendees will have an opportunity to pose questions to the speaker.