Choose Your Friends Carefully, Or At Least Insure Them

Law360, New York (November 21, 2011, 2:09 PM EST) -- As part of the cost of doing business, companies are often obligated to extend their insurance to other entities. The entity extending coverage is the "named insured" and the party added to the policy is an "additional insured."

The named insured, or policyholder, refers to the individual or company, including related business entities, actually named or referenced in the policy. An additional insured is an unrelated entity to which the named insured extends its insurance coverage.

This sounds simple enough; however, there are a few questions...
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