What are Three of the Most Common Types of Certificates of Insurance?

Just as there are a wide range of insurance policies and coverages, there are also a wide range of corresponding Certificates of Insurance, outlining and providing proof of those polices. Three of the most common types of Certificates of Insurance include workers’ comp insurance, liability insurance and auto liability insurance.

Workers comp insurance certificates are key to protecting the parties from any employee related events, including everything from injury events to harassment incidents. Companies should always ensure that any workers comp insurance policy follows all state and local laws.

Liability insurance certificates are essential to any project. They protect the project owner should any incident happen on a job site. Additionally, certificates of liability insurance can be extended to also protect other parties including project managers or even lenders. You should always make sure that the liability policy provides adequate coverage .

Auto Insurance certificates are very important when dealing with any vendor owned, non-owned, leased and hired vehicles. Having these types of certificates on hand can help you ensure that all parties have appropriate coverage for the specific project.