Business Insurance Restaurant Division Contact Us Employment Practices Workers Compensation Home Page Home PageCoopers Insurance Agency Header





This week's blog focuses on the importance of verifying the authenticity and validity of certificates of insurance.

Here are 3 steps to ensure you have a valid certificate of insurance:

1) VERIFY AUTHENTICITY - Determine if the insurance company listed on the certificate is an actual and legitimate business.

2) CHECK VALIDITY AND ACTIVITY - Make sure the certificate is for a currently valid, active and non-expired policy.

3) KNOW THE DIFFERENCE - ADDITIONAL INSURED vs. CERTIFICATE HOLDER
It is very important to note whether you, as a business owner, are listed as an "Additional Insured" or simply as a "Certificate Holder" on the vendor's/sub-contractor's policy.

Term Definitions:
* ADDITIONAL INSURED - Actually named and LISTED on the policy, granted the coverage and rights of the policy. 
* CERTIFICATE HOLDER - Serves simply as a proof of insurance for the "Named Insured".

Please note! A "Certificate Holder" is NOT LISTED on the policy and thus, IS NOT granted the coverage and rights of the policy!


Having a valid and authentic certificate of insurance is crucial when dealing with an emergency at your business, such as a valet company's driver (or any other independent contractor) who gets involved in a car accident with a customer at your restaurant, fatally injuring the customer, for example.

SUMMERY: Make sure your certificates are valid, authentic and know whether you are listed as an "Additional Insured" or only as a "Certificate Holder".

Have a safe and wonderful week!!


Coopers Insurance Agency
SCOTT COOPER INSURANCE AGENCY, INC.
(818) 706-2292
30423 Canwood St. Ste 239
Agoura Hills, CA 91301
www.CoopersInsurance.com
Info@CoopersInsurance.com

Los Angeles - San Fernando Valley - Ventura County
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
30423 Canwood Street Ste 239 | Agoura Hills, CA 91301
PH: 818-706-2292 | FX: 818-706-1176 | Email: info@coopersinsurance.com

Contact Us Facebook LinkedIn Google Plus