{"id":1574,"date":"2013-03-28T21:21:32","date_gmt":"2013-03-29T02:21:32","guid":{"rendered":"https:\/\/www.insureyourcompany.com\/?p=1574"},"modified":"2024-07-16T11:37:47","modified_gmt":"2024-07-16T15:37:47","slug":"what-is-a-certificate-liability-insurance","status":"publish","type":"post","link":"https:\/\/insureyourcompany.com\/blog\/what-is-a-certificate-liability-insurance\/","title":{"rendered":"What is a Certificate of Liability Insurance?"},"content":{"rendered":"

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A certificate of liability insurance is a one page document that verifies the existence of insurance coverage.\u00a0 The certificate includes the insured party\u2019s name, the insurance company\u2019s name, the policy number, the effective \/expiration date, the type of insurance coverage and dollar amount.<\/p>\n

With this one piece of paper you can provide extensive details about your insurance policy to anyone. \u00a0You may ask yourself \u201cwho would need to see my insurance certificate?\u201d \u00a0Before agreeing to sign a IT consultant<\/a> contract your client will ask for proof of insurance.\u00a0 They demand this when liability and large losses are a concern.\u00a0 For example in the event of a bodily injury or property damage caused by you while doing work on their behalf or at the client\u2019s site your client will be defended under your policy just as you are.<\/p>\n

The following may also be provided on your certificate of liability insurance<\/a>:<\/p>\n

1)\u00a0\u00a0\u00a0\u00a0\u00a0 Certificate holder- a certificate holder is anyone who is named in and insured by the insurance policy.\u00a0 In some cases clients may ask to be named as a certificate holder to ensure that they\u2019ll be notified in the event that your policy is canceled before its expiration date.<\/p>\n

2)\u00a0\u00a0\u00a0\u00a0\u00a0 Additional Insured- this refers to anyone else besides the policy holder who is covered by an insurance policy.\u00a0 A certificate of insurance typically includes a list of additionally insured parties, if they exist.\u00a0 For the purposes of most tech firms, additionally insured parties would include your customer or clients.\u00a0 People who are \u201cadditional insured\u201d can receive coverage benefits if the work you do on their behalf leads to an injury or property claim against them.<\/p>\n

Typical Contract Language-<\/strong>“Insurance required will name Client as an additional insured with respect to Client’s insurable interest, will be primary or non-contributory regarding insured damages or expenses, and will be purchased from insurers of sound internationally recognized financial standing.”<\/p>\n

Certificates of insurance also include language that indicates that, if an insurance policy is cancelled, any and all certificate holders will be notified. \u00a0\u2018Certificates of Liability Insurance evidencing the required coverage and limits shall be furnished to Client prior to the commencement of any work hereunder and shall provide that there will be no cancellation or reduction of coverage without thirty (30) days\u2019 prior written notice to Client.”<\/p>\n

The certificate of insurance is your key to doing business and a crucial document that you need access to all the time.\u00a0 With our great certificate department you are one email away form receiving or sending your certificate to clients. Anytime you have a request, our certificate department is here to help.\u00a0 The one thing your insurance certificate cannot do is grant you any of the policy benefits. You will need to have a copy of your full insurance policy to do so.<\/p>\n

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A certificate of liability insurance is a one page document that verifies the existence of insurance coverage.\u00a0 The certificate includes the insured party\u2019s name, the insurance company\u2019s name, the policy number, the effective \/expiration date, the type of insurance coverage and dollar amount. With this one piece of paper you can provide extensive details about […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[76,16,87],"tags":[],"class_list":["post-1574","post","type-post","status-publish","format-standard","hentry","category-business-insurance","category-liability-insurance","category-technology-insurance"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t