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3 types of insureds
- named insured and related parties
- named insured's employees and volunteer workers
- other persons and organisations
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Named Insured and Related Parties
- individual: spouse is an insured too; no coverage for unnamed spouse's business
- partnership, joint venture, corporation: all partners and their spouse are insured; includes controlling members and managers
- others: all executive officers, directors and stockholders
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Named Insured's Employees and Volunteer Workers Exclusions
- Bodily Injury and Advertising Injury
- Professional Healthcare Services
- Damage to property of Named Insured and Others
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Other Persons and Organizations
- real estate manager
- legal representatives
- newly acquired organization (up to 90 days)
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Unlisted Partnership, Joint Venture, or LLC
- coverage does not apply if partnership wasn't listed
- usually insurer charges and additional premium for those
- problem for contractors who 1) form temporary partnership 2) can still be liable after partnership ended
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