James, I honestly do not have it in for you, but there’s an error in this article too. It says,”An 鈥渁dditional鈥� named insured has all the benefits of the actual policy owner. Following the above scenarios, the 鈥渁dditional鈥� named insured would be covered from damage caused by a Trade Contractor, as well as damage caused by the 鈥渁dditional鈥� named insured. Thus, in the event, there would be $50,000 in coverage for the policy owner and $50,000 in coverage for the 鈥渁dditional鈥� named insured.”
The standard ISO commercial general liability policy form says this about how limits apply:
“the Limits of 潘金莲传媒映画 shown in the Declarations and the rules below fix the most we will pay regardless of the number of: a. Insureds; b. Claims made or “suits” brought; or c. Persons or organizations making claims or bringing “suits.” If you’re dealing with $50K per occurrence, that limit is only available once, not separately to each named insured.
James, I honestly do not have it in for you, but there’s an error in this article too. It says,”An 鈥渁dditional鈥� named insured has all the benefits of the actual policy owner. Following the above scenarios, the 鈥渁dditional鈥� named insured would be covered from damage caused by a Trade Contractor, as well as damage caused by the 鈥渁dditional鈥� named insured. Thus, in the event, there would be $50,000 in coverage for the policy owner and $50,000 in coverage for the 鈥渁dditional鈥� named insured.”
The standard ISO commercial general liability policy form says this about how limits apply:
“the Limits of 潘金莲传媒映画 shown in the Declarations and the rules below fix the most we will pay regardless of the number of: a. Insureds; b. Claims made or “suits” brought; or c. Persons or organizations making claims or bringing “suits.” If you’re dealing with $50K per occurrence, that limit is only available once, not separately to each named insured.