Desmond Insurance Blog
A liability insurance certificate verifies that you have general liability insurance. This document contains information about:
This insurance is essential professional liability coverage for your company. It helps to cover allegations that your company caused bodily harm or property damage to someone else's property.
To acquire a certificate of liability insurance, you must first secure general liability insurance coverage. Your certificate of liability insurance may be available online once the policy is issued.
Why Do Businesses Require Proof Of Liability Insurance?
Each company may have a different purpose for requesting an insurance certificate. Parties may generally request certification if they believe doing business with you puts them at risk.
Here are several typical business connections that frequently demand the keeping of certificates of insurance:
When you rent a building (or a section of a building) and run your business out of it, you expose your landlord to specific risks. Your landlord may have fewer options for compensation if you accidentally burn down the building without a general liability policy.
To ensure that they will be protected if you damage their business or harm a customer while using their products, certain suppliers or vendors may ask you to present a certificate of liability insurance.
General contractors want to know that if something goes wrong on a project, their insurance may cover any issues arising from their work.
A bank wants to know if your insurance can protect them if a lawsuit arises from the operation of the property you are financing with them because they have a stake in it.
Large corporations with risk management or compliance teams will typically require all partners to file a certificate, regardless of their tasks.
Not all insurance companies are the same. It's essential to collaborate with an attribute. At Desmond Insurance, with services like general liability insurance. We can help you obtain other crucial company insurances, such as commercial auto and property insurance.
At Desmond Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get insurance that fits your needs. You can get more information about our products and services by calling our agency at (859) 491-5100. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!