An executive director within a company or an organization is usually from the board of directors and oversees a specific department within the organization such as Marketing, Finance, Production and IT.n executive director within a company or an organization is usually from the board of directors and oversees a specific department within the organization such as Marketing, Finance, Production and IT.
Definition of Named Insured. A named insured is essentially the owner of the car insurance policy. The named insured purchases the insurance policy and is protected by its coverage. Being the owner of the vehicle, however, some standard and non-standard companies do not require the named insured to be titled to the vehicle.
âAdditional insured,â or âAI,â usually refers to a person or entity added to the policy by an âendorsement.â Endorsements typically provide coverage to the people/businesses named on them only for claims arising out of the acts or omissions of the primary insureds.