Q&As

What is meant by an 'indemnity to principals' provision and an 'additional insured' provision? What are the practical differences in protection each affords to the principal/additional insured?

read titleRead full title
Published on: 25 February 2019
imgtext

An indemnity to principals clause, as defined in Commentary: Who insures?: Manual of Construction Agreements [13], is a common feature of liability insurance policies, notably in the construction industry. It is useful where a contractor wishes to insure its principal (or principal contractor) under its own insurance. The clause enables the contractor to do so without having to amend its policy (or otherwise consult underwriters).

The chapter referred to above further explains

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Principals definition
What does Principals mean?

A principal offender is the actual perpetrator of the offence.

Popular documents