Policy Structure
Named Insured
The person or entity specifically identified by name in the policy declarations page as the primary policyholder. For law firms, the named insured is typically the firm entity itself, whether structured as an LLP, PC, or PLLC. The named insured has certain rights that other insureds under the policy do not, including the right to receive cancellation notices, the authority to amend the policy, and the obligation to report claims. All partners, associates, and of-counsel attorneys may qualify as insureds under the policy without being the named insured.
Related terms
Additional InsuredA person or entity added to an insurance policy who is not the named insured but receives coverage u...Severability of InterestsA policy provision that treats each insured under the policy as if they had their own separate polic...Policy Declarations PageThe front page or pages of an insurance policy that summarize the essential terms, including the nam...