The certificate briefly describes the insured’spoliciesand limits provided for each type of coverage. For example, the general liability section summarizes the six limits that the policy offers by category and indicates whether coverage applies per claim or per occurrence. Because state laws determine...
For example, if you had a customer on your premises trip and fall in the building, that customer might sue both youandthe landlord for the resulting damages. The risks can be even greater. If you don’t have a general liability policy and you burn down the building by accident, your la...
A certificate of insurance is needed to avoid paying premium on your general liability and workers compensation for your employees’ sales and payroll. Who Needs a COI? The answer to this question depends on what role your company is playing in cooperation with another company. For example, if...
Any business with an insurance policy, such as general liability insurance or workers’ compensation insurance, […] Learn More What Is an Insurance Certificate for a Business? An insurance certificate, also commonly referred to as a certificate of insurance or COI, is […] Learn More Why Do ...
Another instance in which you need a COI is when you are audited. A certificate of insurance is needed to avoid paying premium on yourgeneral liabilityandworkers compensationfor your employees’ sales and payroll. Who Needs a COI? The answer to this question depends on what role your company ...