Why waiver of subrogation is needed?

Why waiver of subrogation is needed?

A Waiver of Subrogation is an endorsement that prohibits an insurance carrier from recovering the money they paid on a claim from a negligent third party. An Owner Client may require this endorsement from their vendors to avoid being held liable for claims that occur on their jobsite.

See also  How do I get the Chase Sapphire Preferred 100k?