Seguros y GravámenesPregunta 1563 de 1605
'Additional insured' status is most valuable to an upstream party (like an owner or GC) because it:
a.Waives the sub's lien rights
b.Lowers the sub's premium
c.Guarantees project completion
d.Gives the upstream party access to the sub's insurer for defense and indemnity on claims arising from the sub's work
Explicación
Additional insured status gives the upstream party direct access to the downstream party's insurer to defend and indemnify claims arising from the downstream party's operations. This effectively transfers that portion of risk to the sub's insurer.
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Preguntas relacionadas de este tema
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)