{"ok":true,"canonical_url":"https://dealroom.so/glossary/additional-insured","api_url":"https://dealroom.so/api/public/glossary/additional-insured","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"additional-insured","term":"Additional Insured","group":"People and paperwork","definition":"A party, like your lender, listed on your insurance policy to receive protection under certain circumstances. This ensures the lender's interest in your business assets is covered.","what_it_means":"For your SBA 7(a) loan, the lender will require being named as an \"Additional Insured\" on your business's hazard and liability insurance policies. This grants them direct protection and notification rights if there's a claim or policy change affecting their collateral.","url":"https://dealroom.so/glossary/additional-insured","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"hazard-insurance","term":"Hazard Insurance","url":"https://dealroom.so/glossary/hazard-insurance"},{"slug":"liability-insurance","term":"Liability Insurance","url":"https://dealroom.so/glossary/liability-insurance"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"}],"related_questions":[{"question":"How does an insured's age affect business life insurance premium costs?","url":"https://dealroom.so/sba-7a/questions/how-does-an-insured-s-age-affect-business-life-insurance-premium-costs"},{"question":"What happens to an outstanding business loan if a critically insured owner dies before repayment?","url":"https://dealroom.so/sba-7a/questions/what-happens-to-an-outstanding-business-loan-if-a-critically-insured-owner-dies-before-rep"},{"question":"Must the insured business owner provide consent for a company to purchase a life insurance policy on them?","url":"https://dealroom.so/sba-7a/questions/must-the-insured-business-owner-provide-consent-for-a-company-to-purchase-a-life-insurance"},{"question":"When is personal real estate typically required as additional collateral?","url":"https://dealroom.so/sba-7a/questions/when-is-personal-real-estate-typically-required-as-additional-collateral"},{"question":"What if the lender requests additional appraisals for assets late in the process?","url":"https://dealroom.so/sba-7a/questions/what-if-the-lender-requests-additional-appraisals-for-assets-late-in-the-process"},{"question":"Can my personal residence be required as additional collateral for a larger SBA loan?","url":"https://dealroom.so/sba-7a/questions/can-my-personal-residence-be-required-as-additional-collateral-for-a-larger-sba-loan"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Additional Insured","url":"https://dealroom.so/glossary/additional-insured","source_type":"DealRoom Data"}}