I started in the engineering business in 1999 right our of college. I went to work with an older gentleman who, at the time, was planning on getting out of the business. He had hung his own shingle in 1995. I worked with him for the next 12 years until his passing in 2011. During that time I became licensed and was added to his insurance. Once he passed I decided to continue on and have had some decent success since 2011 only changing the name to reflect my name vs his.
I am currently looking at my PL insurance policy for 25-26. He is still listed on the policy as an additional insured (even though he is deceased) with a retroactive date for when he started his own (1995). I don't think it costs me anything to have him on the policy as this was negotiated when I switched policies in 2016.... but at some point, would it be beneficial at all to at least drop him from my insurance? Is it bad to have him on my insurance (I don't see why)?
I am just not sure what I am currently doing is right here.
I am currently looking at my PL insurance policy for 25-26. He is still listed on the policy as an additional insured (even though he is deceased) with a retroactive date for when he started his own (1995). I don't think it costs me anything to have him on the policy as this was negotiated when I switched policies in 2016.... but at some point, would it be beneficial at all to at least drop him from my insurance? Is it bad to have him on my insurance (I don't see why)?
I am just not sure what I am currently doing is right here.