Additional Insured

An assured party specifically named under an insurance policy that is not automatically included as an Insured under the policy of another, but for whom the named Insured’s policy provides a certain degree of protection. An endorsement is typically required to effect additional insured status. The named Insured’s impetus for providing additional insured status to others may be a desire to protect the other party because of a close relationship with that party (e.g., employees or members of an insured club) or to comply with a contractual agreement requiring the named Insured to do so (e.g., customers or owners of property leased by the named Insured).