Named Insureds
are those listed by name in the relevant block of the policy's
declaration page. Although the named insured is commonly one
person, partnership, corporation or other entity with insurable
interests, multiple named insureds may be included.
First Named Insured
is the first "named insured" listed on the policy declarations
(front page of the policy). This insured acts as the legal agent
for all named insureds in initiating cancellation, requesting
policy changes or accepting any return premiums. The first named
insured may also be responsible for payment of the premiums.
Additional Insured
is an entity to which a policy's coverage is extended. An
additional insured must be added to the policy prior to a claim
being paid. There must be a tied to relationship between the
additional insured and named insured. Being an additional insured
on another's policy does not eliminate the need for someone to
have his/her own Commercial General Liability policy.