What is contained in a Certificate of Liability Insurance?
What is contained in a Certificate of Liability Insurance?
Certificate of Liability Insurance contains vital information regarding liability cover namely. It presents the coverage limits of all general liability policy, product liability, bodily injury liability, property damage, and occasionally, professional liability. It also has policy start date, expiration date, insurer name, insured legal business name and the contacts of agent or the broker. This certificate is commonly a compulsory one in construction, service based industries, subcontracting or government contracts. It offers a sense of relief that in case an individual sues due to his or her injury, property damage, or negligence, there is a legitimate insurance cover to raise funds to pay the liability. It provides credibility and obedience.