Technical Knowledge

An agent is issuing a new certificate of insurance with policy limits of $1 million/$2 million. The agent knows of a $500,000 claim. What policy limits should be shown on the COI?

What’s the best way to let certificate of insurance holders know that a commercial liability policy has been cancelled?

It’s never a good idea to customize a certificate of insurance based on who’s asking for what.

A client asks an agent to alter a certificate of insurance and add specific language to the description. The agent is concerned about losing a $900,000 account if they don’t fulfill the request.

Is it acceptable to e-sign certificates and evidences of insurance? Do the same guidelines apply to a producer’s signature on applications?

Can you fulfill a contractor’s request for a certificate of insurance without a certificate holder name so they can provide it as proof of insurance?

A general contractor requests that a subcontractor’s certificate of insurance include specific information. What is the suggested verbiage on the COI according to the contractor’s requests?

Do you understand the difference between an indemnitee and an additional insured? Modifying the language of certificates of insurance could have dangerous consequences.

In light of the upswing in E&O cases involving agents and certificates of insurance, an agency is doing all it can to take care of requirements. But no one is perfect.

An agency receives mortgage company requests for specific wording in reference to replacement cost on an evidence of insurance. What’s the proper response?