Several days ago I published an article entitled, “Banks Should NOT be Asking for Additional Insured Status.” In this article I argued that banks should NOT be requiring additional insured status on the borrower’s liability policy as a condition of the loan. Having additional insured status helps address defense expense until the lender can get dismissed. While I think this is a great point, unfortunately, this opinion does not offer valid reasoning for additional insured status. Additional insured status should be limited to ONLY those parties with an ongoing business/contractual relationship with the named insured or those with a symbiotic relationship. So far, no one has offered a viable reason a bank should be granted additional insured status as a requirement for a loan.