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What is a Certificate of Insurance?
A Certificate of Insurance (COI) is provided by an your insurance broker to confirm the presence of an insurance policy and outline its essential terms and conditions.
Your COI will include the policyholder's name, effective date, coverage type, policy limits, and other pertinent information. Without a COI, companies or contractors may encounter challenges in attracting clients, as potential partners may be reluctant to bear the risk of potential costs arising from the actions of the contractor or service provider.
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Small business owners and contractors should always have a COI as they offer protection against liability for workplace accidents or injuries, enabling you to conduct their business smoothly.
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