Named Insured
The person or business listed on the declarations page as the policyholder.
What it means for your firm
Only the entities listed, and those that fall within the policy's definition of insured, are covered. If you have more than one company, make sure each one that needs coverage is named.
The first named insured usually handles premium payments and receives notices for everyone on the policy.
Guides that use it
Articles that explain it
What a Good Broker Does After You Buy: Contract Reviews and Certificate Checks Subconsultants and 1099 Architects: Who Covers Whom? The Insurance Section of Your Contract, in Plain English Second Office, Remote Partner, Out-of-State Project: What Your Policies Need to Know Licensed in New York, but My LLC Can’t Hold the Contract. What Happens to My Insurance? When an Engineering Firm Starts Selling a Product, Professional Liability Isn’t Enough
General definition for education only. It is not an interpretation of any policy or contract, and it is not legal advice. The wording of your own policy and contract controls. Policies and definitions vary by insurance company.
Talk to a specialist
Tell Us About Your Firm. We’ll Tell You What We See.
Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.