Guidance from the Team at the Business Insurance Center
Any time someone hires you to complete a job for them, they want to know that you have adequate coverage if something goes wrong. If you hire sub-contractors to work for you, the same idea applies. Even though we would all like to trust each other, the truth is that things can go wrong, or a vendor may not be as competent as we think. Therefore, a certificate of insurance form aids in putting concerns at ease between contractor and client.
Stay in line with good business practices by keeping your insurance up-to-date and be ready to provide or ask for a certificate of insurance. If you are not sure how to obtain one, reach out to the knowledgeable team at the Business Insurance Center. We work with businesses of all sizes and across a variety of industries. Rest assured that we can get you the coverage you need at affordable rates. Look to us for general liability insurance, professional liability, worker’s compensation, and a myriad of other types designed around your needs.
Understand the Certificate of Insurance Form and What It Shows
The insurance industry can seem confusing and intimidating at the same time. It does not have to be that way if you work with an experienced broker who takes the time to help you understand your coverages. A certificate of insurance (COI) gives a synopsis of the type of insurance you have. There is not a standard format; however, you can expect items like:
- The date when the form was issued
- A disclaimer as to the nature of the certificate
- Who the insurance agent or broker is issuing the COI
- Name(s) and address of the persons and business covered by the policy
- The type of liability insurance coverage, such as general liability or commercial property
- A list of all the companies providing the coverage
- What the limits of the plans are
- A description area for specific requests; for example, it could list an additional insured
- Notice as to whom the certificate was issued for
- Reassurance that the certificate holder will be notified upon cancellation or expiration of the policy
- The signature of the agent, broker, or other authorized representative
Give Your Customers Peace of Mind – Work with the Business Insurance Center
Don’t fret when a customer requests a certificate of insurance for your general liability policy. Your broker from the Business Insurance Center can get that for you, as well as, review your existing coverage and make suggestions to fill any gaps. One simple call is all it takes!
Request a quote for general liability insurance or call and speak with a knowledgeable and experienced broker at the Business Insurance Center. We have a 24/7 call center to serve you and an online Live Chat operator. Contact us for any of your business insurance needs at (888) 585-0511. We serve the entire United States.
