Julian D. Ehrlich
There is noteworthy reasoning in a new decision awarding attorney fees in a declaratory judgment to the party successful in obtaining additional insured coverage which if followed, could change existing risk transfer preferences.
August 21, 2020 at 10:00 AM
1 minute read
The two well-worn paths to risk transfer in tort cases are contractual indemnity and additional insured coverage.
Typically, contractual indemnity obligations run to owners and general contractors, often referred to as upstream parties, from tenants or lower tier contractors, the downstream parties. In contrast, additional insured (AI) status can provide coverage to upstream parties from downstream parties’ insurers.
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