Understanding Details of a Certificate of Insurance 
Understanding Details of a Certificate of InsuranceBy Francis Izuoba In Business & Finance On 2020/12/03
- ADVERTISEMENT -
What is Certificate of Insurance?
A certificate of insurance is issued by an insurance company or broker. The certificate of insurance verifies the existence of an insurance policy and summarizes the key aspects and conditions of the policy.Certificate of Insurance lists the
- policyholder name
- Policy effective date
- Type of coverage
- Policy limit
And other important aspects of the insurance.
Without certificate of insurance, a company or contractor will have difficulty in securing clients, most hirers will not want to assume the risk of any costs that might be caused by a contractor or provider.
Understanding Certificate of Insurance
Certificate of insurance is used in situations where liability and significant losses are of concern and require one which is most business context.
Some business owners often have a certificate of insurance granting them protection against liabilities for workplace accidents and injuries.
Purchasing of an insurance policy will automatically come with a certificate of insurance.
- ADVERTISEMENT -
Validating a Certificate of Insurance
Typically, a client will request a certificate directly from the insurance company rather than the business owner or contractor.
The client should confirm that the name and policy coverage date is valid. i.e the name of the insured on the certificate is the exact match of the company name and the policy coverage date is not expired.
Details of a Certificate of Insurance
Certificate of Insurance contains separate sections for different types of liability coverage.
- General
- Auto
- Umbrella
- Worker`s compensation
The insured refers to the policyholder, the person or company that appears on the certificate of insurance as being covered by insurance.
The certificate of insurance also contains
- Policy holder`s name
- Mailing address
- And describes the operations the insured performs
The address of the insurance company is also listed, alongside the contact information of the insurance agent or agency. If several insurance companies are involved, all names and contacts will be included.
The client name and Information appears in the bottom left corner.
We feel from our description, even without seeing a certificate of insurance, you can actually fix it up in your head and wait to see it when it arrives but that`s after you have paid for the insurance policy.
Also Read Clever Software Solution Limited
Please share this pageComment below and tell the world
![]()
- Title Understanding Details of a Certificate of Insurance
- Category Business & Finance
- Posted on 2020/12/03 00:28
- By Francis Izuoba
94 Audience Reached
Last Edited 3rd December 2020 12:29:09 AM
- View Comment (0)
If you have a story you want to share to the world, send it to [email protected], chat here or whatsapp or click here to send it now.
What's Your Opinion on Understanding Details of a Certificate of Insurance.. reply
About nTells
We are the number one lifestyle, educational, advertising, web and graphic designs platform powered by mcfaidesigns. Our mission as part of our many unending visions to leave the world better than we've found it, we work hard to provide relevant information, to make every organisation and individual unique with their content and products. Join us Powered by Orgboom
Related Topics
Lifestyle · 2020/09/27 15:03
Enlightenment
Lifestyle · 13th April 2021 01:16:17 AM
Clever Software Solution Limited
Lifestyle · 14th January 2020 05:41:32 PM
The 2020 plans
ICT & DIY · 2020/11/21 12:05
Frequently Asked Questions
Lifestyle · 8th April 2020 05:01:13 AM
Nigeria Technology Today, Is there Hope for Nigeria Today?
Trends · 2020/10/17 04:57
10 Unique HP Laptops With the Best Specifications
Lifestyle · 2020/09/20 05:24
How The Ego Sabotages You II
Lifestyle · 3rd October 2019 04:54:10 AM
The Real Deal
Lifestyle · 15th November 2019 01:44:39 PM
The influence of peer group on academic performance
Lifestyle · 2020/09/27 12:58
Conscious Relationship
Lifestyle · 2020/12/29 11:27
Health Benefits of Tiger Nuts
Lifestyle · 2020/12/29 11:17
Avoid Weight Gain - How to Avoid Weight Gain at Home
Services
Peter Nduka
LA BUENA VIDA ..
10 Best Window..
Mmaduabuchi C...
10 Unique HP L..
Ken Asika
Rosemary Josep..
LA BUENA VIDA ..
Stella Onye Ok..
Clever Softwar..
Asheazi Jatau
9 Best Latest ..
27+ Best Chris..
17 Great Books..
TINACY's P..
Top 7+ Fastest..
Top 9 Most Aff..
Upcoming Events
No upcoming events yet!