What does the First Named Insured Mean?

June 28, 2011 by Leave a comment

Unless you are in the insurance business or are really an educated business person or professional, first named insured probably is meaningless to you.  Well it is very basic, but the first named insured is the the person, firm, or organization specifically designated by name on the Declarations Page of the policy.  The First Named insured is the key person and the primary individual with changes to a policy or when a decision is made.  In Commercial Lines insurance, the First Named Insured has certain rights and duties that do not apply to any other named insureds.

Any rights are designated to the First Named Insured such as the right to cancel, increase the premium, decrease the premium, change the policy, the right to receive any return of premiums.   The duty to make the premium payments in a timely manner are all up to the First Named Insured.

Contact Denvers Insurance with any questions, hppt://denversinsurance.com, or call 303-219-4985.

 

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Unknown's avatarAbout Mark Schneider
I am a certified firearms instructor and use-of-force expert with extensive real-world experience in firearms, security, and defensive tactics. Credentials & Experience: 20+ years of owning, collecting, and shooting firearms. 12+ years in the security industry, including physical security, executive protection, workplace violence prevention, loss prevention, CCTV operations, access control, incident management, and threat assessment. Denver Police Verified Concealed Handgun Permit (CHP) Instructor. Authorized Trainer for Denver Security Guard Training. NRA Certified Firearms Instructor – Pistol, Concealed Carry Weapon (CCW), Rifle, Shotgun, Inside the Home (ITH), Outside the Home (OTH), Range Training & Basic Verification (RTBV), Chief Range Safety Officer (CRSO). USCCA Certified Firearms Instructor – Concealed Carry & Home Defense Fundamentals (CCHDF). Force Science Institute Certified – Use-of-Force Analysis. De-escalation Certified Instructor. Massad Ayoob MAG-40 Graduate. Sig Sauer Academy Graduate – Pistol 103 & Pistol 104. Law of Self Defense – Instructor Program Graduate. Dave Grossman Academy – Completed The Bullet Proof Mind, On Combat, and On Killing courses. Axon Taser Certified Instructor. OC/Pepper Spray Certified Instructor. PPCT Defensive Tactics Certified Instructor. Glock Armorer. Novice Gunsmith. Licensed Insurance Producer. HAM Radio Operator. 8+ years as a teacher and instructor in firearms, self-defense, and related disciplines.

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