Certificate Of Liability Insurance For Coverage ProofA certificate of liability insurance is simply proof that your business has obtained general liability insurance coverage. The reason for a certificate of liability insurance is so you have tangible proof that you can show to a third party that your business is covered under a general insurance policy. General liability insurance provides coverage to protect you in the event that a third party receives bodily injury or property damages due to alleged negligence on your behalf. All businesses should include some form of general liability insurance in their insurance portfolio, however, not every business will require a certificate of liability insurance. Businesses that require you to travel to a location owned by a third party to do work on or work with a third party's possessions are highly likely to require a certificate of liability insurance. Some such occupations or activities that might require a certificate of liability insurance would include professional photographers, athletic events or committee business meetings. A certificate of liability insurance can make it much easier, and is sometimes required, to acquire a space for having a business meeting or event. Many facilities require groups to provide a certificate of liability insurance so that the facility cannot be held responsible if a participant is injury or their property is damaged due to negligence on behalf of the group or event coordinators. Occupations, such as contractors, require liability insurance before starting work on a project. Usually, a bid or estimate can be made without liability insurance, but you must be able to provide proof of insurance before beginning work. Your proof of insurance is a certificate of liability insurance. Your insurance agent can provide you with a certificate of liability insurance upon request. Most times, your insurance agent can just mail a copy of your certificate of liability insurance to the owner of the project you are working on or the general contractor in charge of the project. If you need immediate proof of insurance, you can ask your insurance agent to fax you a copy of the certificate of liability insurance when they mail the customer copy. Most insurance agents should be able to provide same day service in regards to a certificate of liability insurance. If you are just starting a business, you may not know whether or not you will be required to provide proof of liability insurance or if you even need liability insurance. An experienced business insurance broker can help you decide what types of liability insurance you need and how much coverage your policy should provide. It is a good idea to talk to your business insurance broker or agent and find out if you should keep a certificate of liability insurance on hand. If not, you need to know what the turnaround time on getting a certificate of liability insurance is and how you would go about requesting one if and when you need it. All of this information will assist you in the event that a facility or third party requests to see proof of your liability insurance. |