Who is the Named Insured on a Railroad Protective Policy?

In a Railroad Protective Policy, the Named Insured is the railroad itself. This type of policy is specifically designed to provide liability coverage for railroads against claims that may arise from property damage or bodily injury incurred during construction projects or similar activities that take place in proximity to their operations. The railroad is the entity being insured, making it the Named Insured in this situation.

The purpose of the Railroad Protective Policy is to protect the railroad's interests and ensure that they are financially covered in case of incidents resulting from the work being performed by contractors or other parties. As such, naming the railroad as the Named Insured establishes their legal identity in the policy and defines their rights and responsibilities under the insurance contract. The other parties listed, such as the insurance company, the state, or the broker, do not serve in the role of the Named Insured for this type of policy.