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A commercial insurance endorsement is known as a rider or clause and enables companies to change while offering protection. It’s an attached document that becomes part of an insurance policy, altering how the plan works. Endorsements allow policyholders to make various changes — from relocating to adding coverage — without the risk of losing coverage. For example, any changes to the boilerplate policy the carrier files with the state regulators are accomplished via an endorsement, including: Changing the business address, Adding a new line of coverage, Excluding coverage for a specific exposure.
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Easy-to-understand definitions for terms often found in commercial insurance policies
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Alternative coverage names and terms used in commercial insurance.