Additional Insured Certificate

A certificate of insurance is usually requested by one party in an agreement contract or transaction to make sure another party has the appropriate insurance coverage.

Additional insured certificate. A certificate of insurance gives basic information about someones coverage. While a certificate holder is a document showing proof of ownership of insurance an additional insured is a document which provides rights under an insurance policy in the event of a future claim. If your contract requires another company to cover you as an additional insured you must demand a copy of the additional insured endorsement. A certificate with the additional insured added is generally either sent to you via the postal service or in some cases sent to you via email as a pdf file listing the place of employment as requested.

It should be noted that a contractor or a client can both be a certificate holder as well as an additional insured. It can then be printed or easily shared. Purpose of a certificate of insurance additional insured the purpose of a certificate of insurance is to prove that your company is covered by a liability insurance policy and that the policy is in effect. Who is an additional insured.

An additional insured is another person or business that may be specifically listed and can be protected through your insurance policy usually the liability portion. The purpose of being an additional insured on a policy is to provide you with insurance coverage and rights to defense under the policy. Its not a named insured and its not an additional named. Many local and state governments require additional insured status in contracts with companies.

The certificate of liability is proof of general liability insurance. Insurance agents fill out standard forms filling in blanks based on the kind of coverage being secured. Call the agent or broker or the insurers listed on the certificate to verify that the policies exist. Certificates of insurance and additional insured coverage.

Starting with square one its important to un derstand who an additional insured is. Its a way for you to provide proof that your business is insured to whoever may need that proof. If an individual or business requests to be added as an additional insured the endorsement goes into the lower box marked additional insured.