Wrap Your Head Around ISO's Additional Insured Revisions

Law360, New York (June 14, 2013, 12:06 PM EDT) -- It is common among parties to sophisticated construction projects, service agreements, leases and many other types of projects and transactions to assess the risks associated with their contractual activities and allocate those risks through a combination of contractual indemnification provisions and insurance requirements. In the construction setting, for example, project owners, general contractors and developers (“upstream” parties) typically require their subcontractors and sub-subcontractors (“downstream” parties) to indemnify them for claims arising from the contract work.

In addition to the contractual indemnification provisions, upstream parties frequently require...
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