What is the difference between additional insured vs. coverage for professional corporation?
Additional insured is usually a person or corporation that is seeking to be added to the Named Insured’s policy, in case the additional insured (landlord, practice partner, clinic) is named in a cause of action as a consequence of an injury that the Named Insured is accused of causing.
Professional corporation is coverage for a professional corporation the Named Insured is associated with, usually a limited liability corporation (LLC).
Professional corporation coverage is no charge as long as the Named Insured is the majority owner of the professional corporation.
If the Named Insured is not the majority owner, then standard additional insured rates apply.
Remember, the American Acupuncture Council ( AAC) offers an unparalleled track record in acupuncture risk management.
There is a reason acupuncturists have trusted AAC with their business for 50 years.
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