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certificate of insurance |
Also found in: Medical, Acronyms | 0.02 sec. |
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certificate of insurance A document issued by an insurance company to certify the extent and limits of coverage. Usually required by landlords as evidence a tenant is in compliance with lease requirements to maintain certain minimum levels of property and liability insurance.Also required by general contractors as proof the subcontractors have adequate insurance. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Be certain to contact an experienced attorney and insurance broker to have them review your subcontract and your sub-contractor's insurance policy and certificate of insurance to make sure your subcontract gives you and your subcontractor's insurance coverage the "additional insured" status you need. Ask for a copy of the contractor's certificate of insurance and call the insurance company to see if the policy is active. The parties frequently assume that the certificate of insurance actually will bind the insurer in some way. |
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