Additional Insured Status for Commercial Property Owners.

One often overlooked, very important item for commercial building owners is the additional insured use on their tenants policies. When you have your tenant add your entity on to their policy as an additional insured, that gives you 1st defense for liability when they are negligent.

Any good attorney will be suing the tenant but also the building owner too, let the liability be determined by the court. However, if you are an additional insured on that Subway shops insurance on the slip & fall on their wet floor, your 1st defense is their insurance policy.

Additional insured gives you liability protection on your tenants policy when they are negligent. So a co-defendant lawsuit, their (the tenants) policy would respond 1st before it ever got to your own insurance policy.

Get that additional insured status on your tenants policies!