"Additional Insured" clause in PM contract

[Account Closed]

Hi, 

The PM company we signed on has a clause to add them as 'additional insured'. Is this something OK to do? Any risks?  Any insights please? Thanks in advance.

[Dominic Mazzarella]

Quote from @Account Closed:

Hi, 

The PM company we signed on has a clause to add them as 'additional insured'. Is this something OK to do? Any risks?  Any insights please? Thanks in advance.

This is standard practice in the industry. It would raise a red flag to me if they didn’t have this clause in the contract.