Certificates of insuranceProof of coverage
Certificates of insurance
A certificate of insurance is a one-page summary of the policies you carry, their limits and their dates. Clients, property owners and general contractors usually ask for one before work begins.
What a certificate showsACORD 25
- The named insured. Your business, as it appears on the policy.
- The policies. General liability, auto, umbrella and workers' compensation, with policy numbers and insurers.
- Limits. The limits of each policy.
- Policy dates. When each policy starts and ends.
- The certificate holder. The client or general contractor the certificate is issued to.
- Description of operations. Notes such as the project, and whether the holder is an additional insured.
What contracts commonly ask forRequirements
- Additional insured. The client or general contractor is added to your policy for claims arising from your work. It is added by endorsement; the certificate shows it.
- Waiver of subrogation. Your insurer agrees not to seek recovery from the client after paying a claim.
- Primary and noncontributory. Your policy pays first, without seeking contribution from the client's insurance.
- Per-project aggregate. Each project gets its own aggregate limit.
- Minimum limits. Specific limits for each policy, set in the contract.