Everything you need to know about real estate insurance
WHY DO I NEED TO BE AN ADDITIONAL INSURED ON MY COMMERCIAL TENANTS POLICY?
If your tenant was to be sued due to his negligence you might be sued as well. You wouldn’t want your policy to be affected by something that was not your fault. if you were listed as an additional insured in your commercial tenants policy then, his carrier will have to pay it out of his policy and not yours. However, if anything occurred do to your negligence then the tenants policy won’t cover you and for this reason you have your own policy.