IRMI Update Quiz
Why might one party require another to add it as an additional insured on the other party's liability policy?
A. To guarantee notice of policy cancellation
B. To reinforce risk transfer and gain direct rights under the named insured's policy
C. To ensure coverage for all types of liability in a project or business relationship
D. To avoid paying any defense costs under any circumstances
Correct Answer: B. To reinforce risk transfer and gain direct rights under the named insured’s policy. Subscribers can use The Additional Insured Book to learn more.
