A Certificate of Liability Insurance (sometimes simply called a Certificate of Insurance or COI) is a physical or electronic document that proves you have insurance. The COI includes important details about your policy that you, a client, a landlord or someone else might require.
A Certificate of Insurance for a small business might be needed for a couple reasons:
Of course, it’s also just a good idea to have a copy of your Certificate of Insurance for your records.
After you buy your policy, you’ll want a Certificate of Insurance to confirm your coverage. Ideally, your insurance company should enable you to get a small business COI online. At biBERK, we provide that online capability so you can handle requests from clients or your landlord wherever and whenever it’s convenient for you.
It’s common for clients to ask to be added as what’s called an additional insured to the Certificate of Liability Insurance of companies they do business with. When you add them, they are listed on the COI and they have the right to make a claim against the policy. The policy will also respond to claims against them regarding your work or operations. Contact us if you need our insurance experts to help you make this type of addition.
At biBERK, you can get a Certificate of Insurance at any time, free of charge. It’s the least we can do for our valued customers. And fast access to a COI can be helpful when you’re trying to win new business and are up against a deadline. There may be a small fee for adding an additional insured to the COI.