Providing timely, accurate certificates of insurance is essential to keep clients’ projects and contracts moving. Yet, for many agencies, handling these requests has become a significant bottleneck.
If a certificate of insurance (COI) holder is shown as an automatic additional insured when required by contract through a blanket additional insured endorsement and the coverage is cancelled, does the agent need to notify the certificate holder of the cancellation?
Throughout the year, the Big “I” and Independent Agent magazine have been hard at work, examining emerging market trends and helping you be there for your clients with the latest insights.
An agency provides a general liability policy for a local religious fraternity. Another insurer is requesting the certificate of insurance (COI) and demanding that it be added as an additional insured on the COI.
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
What is the proper wording to reflect additional insureds on certificates of insurance (COIs)?
An insured’s client keeps rejecting certificates of insurance (COIs), stating they need to apply additional insured status to all persons or “indemnified parties” instead of limiting that status to persons with whom the parties have a contract.
How should the agency respond? And how can agencies curb the trend of COI requests becoming more and more onerous?
Certificates of insurance (COIs) account for plenty of headaches. Here are answers to some common questions asked during Big “I” Virtual University webinars.
Must the person signing a certificate of insurance be licensed in all the states where the insured has exposure? Or must the signatory be someone with internal agency authorization?
