Small business owners may benefit from adding a Blanket Additional Insured form to their General Liability policy, if they have contractual obligations with third parties requesting additional insured status.
When a Blanket Additional Insured endorsement is attached to a liability insurance policy, it grants insured status to the person or organization that the named insured is required by contract to add as an insured.
Coverage Forms Available in the Blanket Additional Insured Bundle
The Coterie Insurance Blanket Additional Insured bundle includes these forms:
- Owners, Lessees or Contractors – with Additional Insured Requirements in Construction Contracts, Form BP 04 51 07 13
- Managers of Lessors of Premises, Form BP 04 02 07 13
- Lessor of Leased Equipment, Form BUSINESSOWNERS BP 04 16 07 13
- Primary and Non-Contributory, Form BUSINESSOWNERS BP 14 88 07 13
- Waiver of Transfer of Rights of Recovery Against Others to Us, Form BP 04 97 01 06
Goodbye Wasted Time
Quoting and binding policies is where agents see our promise of speed, simplicity and service come alive. Through the Coterie dashboard, you can quote, change and bind Business Owners, General Liability, and Professional Liability policies in minutes.
Who is Covered Under the Blanket Additional Insured Endorsement
Unlike adding an Additional Insured (when a third party must be specifically named as an additional insured on the policy), Coterie’s Blanket Additional Insured endorsement covers the people and businesses your customer has entered into a contractual agreement with, even if they are ever-changing. This could include:
- Business Partners
It’s worth noting, if your customer is a subcontractor, they not only should be providing coverage, but they should demand inclusion and proof of coverage from any others who are party to their contract(s).
Certificate of Insurance Updates Immediately
Providing proof of insurance is a requirement of many small business contracts—making the Certificate of Insurance something your customer needs yesterday. Coterie is synonymous with speed. When you submit a completed Policy Change Request, the policy updates are automatically visible in your agent dashboard (under Policy Documents), and a copy of the Certificate of Insurance is emailed to you and your customer immediately.
Yes, within minutes of binding or changing a policy, your customer can hold a copy of their new certificate in their hand. The Certificate of Insurance shows the:
- Type of policy
- Coverage limits
- Policy endorsements
- Claim processing information
Policy change requests must be made in writing. If, for any reason, you or your customer are unable to access the form, you can always email our Customer Advocacy team at firstname.lastname@example.org. Be sure to include the policy number in the subject line, state the relationship of the additional insured and the type of work being done per the contract.
It’s Just That Easy
Small businesses are opening at a faster pace than any other time in history, ushering in an unprecedented opportunity for independent agents to get in on the ground floor with this untapped market. Of course, writing small business got a bad rap when traditional carriers created the one-size-fits-all insurance process. We say, “No more of that!”
Coterie Insurance provides coverage for more than 80 percent of the small business market. With our lightning-fast automated underwriting process, you can:
- Know in seconds if a business is in our appetite
- Get a quote in less than two minutes
- Bind a policy in less than four minutes
How Can We Help Grow Your Book?
Feedback from agents is what we depend on to deliver the products and technology our partners need to be profitable serving small business accounts. It is how we came to deliver a fully automated system that supports our broad appetite, underwrites risks appropriately, and delivers for agents reliably—in minutes. This new way of serving the small business market is paying off handsomely for those agents who are stepping into the future with us. Want to come along?