Understanding Certificate of Insurance Requirements
Learn what certificates of insurance are, why they are required, and how they protect your business from financial and legal risk.
What is a Certificate of Insurance?
A Certificate of Insurance (COI) is a one-page document that proves your business carries adequate insurance coverage. Understanding COI requirements is essential for protecting your business from financial and legal risk.
Why Are COIs Required?
Certificates of insurance are required for risk management, contractual compliance, legal protection, and project continuity. They provide verifiable proof that your business has adequate coverage.
- Protects all parties from financial loss
- Proves coverage meets contract requirements
- Demonstrates financial responsibility
Conclusion
Understanding certificate of insurance requirements is crucial for protecting your business. COIs provide verifiable proof of coverage and ensure all parties are protected from financial risk.
CoverLedger Editorial Team
Expert insights on insurance compliance, COI tracking, and risk management from the CoverLedger team.
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