We occasionally receive inquiries from members regarding the differences between additional. insureds and additional named insureds under liability insurance policies. This document is. intended to address some of the major differences. Additional Insureds. Generally, additional insured status is required by an individual or entity when a named insured. has agreed to indemnify that party in a contract (e.g., customers or owners of property leased by. the named insured).
Effective Date. The start date of an insurance policy, or the date on which the protection of an insurance policy or bond goes into effect. Find the best companies and lowest rates. Please wait while we find the best Insurance options for you.
Effective Date. The date at which a contract or statutory obligation commences. The effective date may be different than the date a contract is signed or a statute is enacted. For example, the effective date for the Copyright Act of 1976 is January 1, 1978.