NJ Course Code: #0403295 – 3Credits
This course examines the primary tools used by organizations to transfer liability to others, the contract and the additional insured endorsement. We begin with an overview of the different types of contracts used and discuss how the CGL policy responds to liability assumed under contract. We will look at the use of additional insured endorsements and study, in detail, the most commonly used ones. We will discuss how to integrate the two approaches to risk transfer and look at the benefits drawbacks of each. Lastly, we will study the insurance certificate, focusing on some of the problems one encounters when relying on a certificate of insurance.