What is the purpose of the Individual Named Insured endorsement in insurance?

The Individual Named Insured endorsement serves a specific purpose in insurance policies, particularly in providing personal coverage under a business policy. This endorsement allows an individual to add personal insurance coverage for their private vehicle while being insured under a business policy. This is especially useful for individuals who use their vehicles for both personal and business purposes, ensuring that their personal use is adequately covered without having to maintain separate policies.

This endorsement clarifies and expands the coverage to ensure that the personal vehicle is recognized and protected as part of the insured's overall insurance strategy, preventing potential gaps in coverage that could arise if a personal vehicle were treated solely under a business context.

In contrast, other options refer to different aspects of insurance, such as increasing liability coverage or providing coverage for additional drivers, which do not specifically relate to the primary function of the Individual Named Insured endorsement.