What Does Mutual Additional Insured Status Mean?

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What does Mutual Additional Insured Status mean? Read on to discover the definition & meaning of the term Mutual Additional Insured Status - to help you better understand the language used in insurance policies.

Mutual Additional Insured Status

Mutual Additional Insured Status

A situation that arises when parties with relatively equal bargaining power agree to name each other as additional insureds on their respective insurance policies, generally with the intent that each party (the named insured) provide primary coverage to the other (as an additional insured) for damages arising out of the named insured's negligence.

We hope the you have a better understanding of the meaning of Mutual Additional Insured Status.

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