What Is A Certificate Of Insurance And What Is It Used For?
“What is a certificate of insurance and what is it used for?” is something business owners ask ALIGNED Insurance brokers regularly. The short answer is that a certificate of insurance is a way to evidence the fact that your organization has insurance to another organization or individual.
Why Is Asking What Is A Certificate Of Insurance And What Is It Used For Important?
It’s important to ask “what is a certificate of insurance and what is it used is for?” for a number of reasons:
- The organization or person requesting a certificate of insurance are typically people or organizations that could sue you and/your organization and/or have a financial interest in your assets. Read on for more.
- Some certificates of insurance are formally used to add the interests of third party organizations (i.e. typically other businesses) to your insurance policy (ex. additional insured, loss payee)
- The correct and timely issuance of a certificate of insurance can mean the difference between winning and losing a job, bid, business etc.
How Does ALIGNED Insurance Handle Certificate Of Insurance Requests?
To ensure the quickest possible turnaround time for our clients ALIGNED Insurance has developed and implemented a centralized intake and issuance process for a certificate of insurance requests. As such, all certificate of insurance requests are sent directly to firstname.lastname@example.org
Provided we have all the information needed and everything is within the scope of our client’s existing coverage we’ll issue the cert accordingly. Our team is well trained to review documents and will let clients know if they have any questions or need any clarification and or additional information before issuing any certificate.
ALIGNED Across Canada
100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.