Why Do I Need A Certificate Of Insurance
Join 1000's of Authors at StreetArticles Today!

A certificate of insurance is your documentary proof that your insurance coverage exists. Whether this insurance is for your personal liability such as vehicle insurance or for your business insurances such as public liability or worker's compensation, you may be required to show proof of your insurance coverage, so your certificate should be available for presentation.

Insurance providers will often provide your certificate of insurance together with the policy terms and conditions once you begin your insurance cover. Many people find this big bundle of paperwork a little overwhelming, so it ends up sat in a drawer. However, since you may be called upon to present your certificate, it is a good idea that it is kept in a safe organised place. For example, if you are involved in a road traffic incident, the police may request to see your insurance certificate.

A certificate of insurance can be even more important for businesses. Since there are a number of mandatory insurances needed for businesses to legally operate, often businesses will display their certificates to highlight their legitimacy. Although a certificate does not form an insurance contract, since it does not detail any policy exclusions, it will normally state the minimum level of insurance coverage and both the start and end date of the policy.

While it is important to ensure that you keep your insurance certificate in a safe place, it is also important to store all of the insurance documentation properly. This information will detail how to make a claim and any limitations to your coverage. Additionally, should the terms and conditions be subjected to change by the insurance provider, the letter detailing the changes will usually directly refer to the original policy paperwork. The responsibility to understand any changes lies with the policyholder, so you should read through changes and query any details on which you are not completely certain.

It is important to note that should you cancel or default on your insurance policy mid term, the insurance provider will often request that you either destroy or return the certificate of insurance. It is considered fraudulent to present an invalid certificate for inspection.

When your insurance paperwork arrives, be sure to take a little time to properly read through the information and check all of the details are correct. Any errors in the policy documentation or on the certificate should be explained to the insurance provider. Most insurance providers will correct the error and resend out the documentation. This simple process can avoid you incurring any complications in the event of a claim on your policy. For example, if your property address is incorrect with even the smallest detail, you should inform your insurance provider. This eliminates any ambiguity regarding your coverage.

If you are interested in learning more about a certificate or insurance or would like to obtain a quote for your business insurance, contact us. We offer a specialist service for all aspects of business insurance and our advisers would be delighted to discuss your specific requirements and assist you in obtaining a great deal.

Source: Click Here


Street Talk

No comments present
You May Also Like
Sussex Insurance And Its Concerns
The Sussex Insurance Company top concern is customer service. An organization acknowledges when you buy their policies and you put your trust in them. With fitness and caring a company makes an effort to match that trust. A Company’s staff is train to help you with your inquiries and concerns…
By: anamzara in  Insurance  >  Commercial   May 28, 2016  
0
  Likes: 0

Amigo Insurance And Its Services
Amigo Insurance Company offers the sort of quality administration you ought to anticipate from your neighborhood organization of Insurance. Pause for a minute to peruse more about a company office and their rationality of extraordinary client service. As an autonomous insurance organization, a company represents considerable authority in giving people…
By: anamzara in  Insurance  >  Commercial   May 09, 2016  
0
  Likes: 0

Business Insurance & Its Importance
No matter the scale or nature of your business, one issue that continues to be an equivalent is that they want for business insurance. They’re square measure many alternative aspects of your business that you’re going to wish to require into thought once yearning for new business insurance – or…
By: Taufique Hossain in  Insurance  >  Commercial   Mar 27, 2016  
0
  Likes: 0

Do I Need Business Insurance For My Car?
As a responsible business owner, you’re very aware of the risks that can stem from running your day-to-day operations. You work hard to make sure all your planning includes all forms of risk – from theft and property loss, to employee injuries – and everything in between. But what about…
By: Andrea Neil in  Insurance  >  Commercial   Mar 24, 2016  
0
  Likes: 0

Plus Costeffective Doing Released to Create the Apps Ranking Merchandise Together With
Your rising ask for regarding creation plus building includes gradually resulted in extra folk to search for growth stocks plus costeffective doing released to create the apps ranking merchandise together with. 1 metal in large quantity can be metal. Metallic retaining that will appearing acceptable plus cost-effective throughout exciting bunch…
By: appgamenews in  Insurance  >  Commercial   Jan 21, 2016  
0
  Likes: 0

Debts Advice is Helpful In The UK
Are you looking for ways to save money on your monthly bills? Cutting back on your expenses is one way to help you save more money for the things you and your family wants. Today, thousands of UK citizens who have taken out major loans in the past six years…
By: connectedclaims in  Insurance  >  Commercial   Mar 19, 2013  
0
  Likes: 1

Commercial Insurance
Commercial Insurance or better known as Business Insurance; as a business owner, do you know what your business needs to make sure your investments are protected? It has always been said that, "There is never enough", insurance regardless of the risk. The only thing you can do to make sure…
By: vikki meadows in  Insurance  >  Commercial   Feb 21, 2011  
0
  Likes: 1

How Do Brokers Determine the Price Of Carpenters Liability Insurance?
Many worksites will require you to obtain Carpenters Liability Insurance before you step foot on site. Most large building companies will have this as a mandatory requirement, and whether you are a self-employed carpenter or run a carpentry business, you will be in charge of ensuring that your business is…
By:  in  Insurance  >  Commercial   Sep 25, 2014  
0
  Likes: 0

The Importance Of Environmental Insurance Services
Why do you think environmental insurance policy important? Well, this new type of insurance offers protection to different organizations against unexpected and expensive environmental issues. Environmental insurance is a cost-effective tool that prevents property owners, contractors and financial institutions from feeling helpless against the blows dealt by environmental incidents. In…
By: Jacob Mathew in  Insurance  >  Commercial   Feb 09, 2015  
0
  Likes: 1

Commercial Business Insurance
Business is an important in everyone’s life, you earn from it which you can spend to fulfill your needs. You invest in a business hopes and dreams as well with the money. If you are owner of a company you also give employment to others as well. You do hard…
By: David Wright in  Insurance  >  Commercial   Jan 28, 2014  
0
  Likes: 0

Business Insurance - Introduction
The feeling of owning a company is the best and rewarding feeling in the world. Every business owner knows the importance of a business whether he or she own a small or big company. Every company holder invest their some dreams with the money in their company they apply many…
By: David Wright in  Insurance  >  Commercial   Jan 22, 2014  
0
  Likes: 1

How To Find The Best Insurance Coverage For Your Business
Every business is unique and has its own needs. When it comes to insuring their company, many will use free business insurance quotes to get the best price. While this is a good way to compare different policies, getting quotes should only come after you have performed a risk assessment…
By: Robert Fogarty1 in  Insurance  >  Commercial   Jul 14, 2014  
0
  Likes: 1

Why Need Of Business Insurance
Business or job is a very important part of everyone’s life. When you plan for a company or you set up a new business, you not only invest money but also invest some hopes with it. But unlucky accidents are also part of an industry such as fire, injury or…
By: David Wright in  Insurance  >  Commercial   Jan 15, 2014  
0
  Likes: 1

Insurance For Business
If you are an owner of a company or organization business insurance is an essential and necessary part for your business because it is the truth that no one knows about the unfortunate incidents that can occur and create financial problems for you. If you have a coverage plan for…
By: David Wright in  Insurance  >  Commercial   Jan 09, 2014  
0
  Likes: 0

How To Find Good Liability Insurance
What is Liability Insurance? Liability insurance is a sub-set of general insurance which is used to protect the insured party against liabilities that could come about due to lawsuits or claims against them. If the insured individual or business is sued for anything that is covered by the insurance policy…
By: Robert Fogarty1 in  Insurance  >  Commercial   Jul 07, 2014  
0
  Likes: 1

Article Views: 1275    Report this Article