Waiver of Subrogation (WOS)
An agreement that your insurer will not try to recover what it paid from the other party named in the contract.
What it means for your firm
Owners and contractors often require it. It is added by endorsement, and it should match what the contract actually asks for.
Articles that explain it
Your Lease Requires Additional Insured, Primary Non-Contributory and Waiver of Subrogation. Where Do You Find Them on Your Policy? When a Compliance Vendor Keeps Rejecting Your Certificate The Certificate Isn’t the Coverage: Why a Certificate of Insurance Doesn’t Add an Additional Insured Certificate Holder vs. Additional Insured: What Your Client Actually Needs (and How to Request a COI) Do I Need Workers Comp With No Employees? What Design Firm Owners Should Know
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.
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