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WELBY, BRADY & GREENBLATT, LLP
LEGAL ALERT NO. 1
Are you covered as an additional insured when you receive a Certificate of Insurance (Accord) that names your company as an additional insured?
The Appellate Division of the New York State Supreme Court said NO!
The court said that a certificate of insurance is only evidence of an insurance carrier’s intent to provide coverage. It is not a contract to insure the designated party.
Proof that you are covered as an additional insured comes from the insurance policy itself.
Make sure you ask for and obtain a copy of the insurance policy from the company that is providing the insurance coverage. When you get the policy, make sure your company is properly named as an additional insured.
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If you have any questions about the information set forth in this Legal Alert, call us at 914-428-2100. Please understand that this alert provides general information only. It is not intended to provide legal advice. We encourage you to contact an attorney should you desire to discuss specific situations for which you may need specific legal advice.
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