meaning of broad form named insured endorsement

broad form named insured endorsement meaning in Insurance Dictionary

An endorsement put into a liability policy to reduce the insurance administrative conditions that huge corporations encounter in acquiring brand-new organizations by addressing all organizations which is why the guaranteed is responsible. Most of these recommendations resemble the following: "The called Insured includes all subsidiaries, affiliated, associated, managed or allied businesses, corporations, or corporations as now or hereafter constituted, for which the Named Insured has actually duty for placing insurance coverage and for which similar protection is not usually much more specifically provided."