Jul 21, 2015
An insurance policy protects you, your business, your assets, and more. You know you need insurance for financial security and peace of mind, but when do you need a certificate of insurance?
Here’s what you should know:
A certificate of insurance is a document used to verify that someone has an insurance policy. A certificate of insurance will often list the parties covered under the policy, the dates that the policy is in effect, and the amount of liability/limits covered by the policy.
Certificates of insurance are usually important for business owners, and independent contractors. In some cases, business owners will want to display a certificate of insurance to give clients extra confidence.
Certificates of insurance are especially important for independent contractors. In many cases a contractor will be required to demonstrate proof of coverage before they can be hired for a job. Certificates of insurance provide contractors with a simple and easy way to confirm insurance coverage.
Certificates of insurance do not replace insurance, but they do add extra security and provide customers/ clients with confidence and peace of mind. Having a certificate of insurance can make it easier for contractors to find work and avoid confusion. To learn more about insurance coverage options, visit Bradenton Insurance.