This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Key Takeaways. A certificate of insurance (COI) is issued by an insurance company or broker and verifies the existence of an insurance policy. Small business owners and contractors typically require a COI that grants protection against liability for workplace accidents or injuries to conduct business.
A certificate of insurance (COI) form provides proof of liability insurance coverage for your small business. To acquire a COI, you must first buy a business insurance policy. After the policy has been issued, most certificates of insurance are available online.
Without a COI, businesses may be reluctant to do business with you. That's because if something goes wrong and you don't have the proper insurance coverage in place, you could be held liable.
When you need to verify a contractor's insurance, reach out to them, their insurance agent, or their insurance company for a COI.
A certificate of liability insurance is a document that proves your company has liability coverage. Your insurer issues you this certificate with your insurance policy – and you can also download a copy online whenever you need it.