6 Things You Should Know About Certificates of Insurance

Certificates of insurance! In every business, there is paperwork. Whether you are self-employed, run a small business, or work as a contractor, you’ll probably be stacking up all kinds of paperwork. From tax returns to invoices, there are loads of paper trails to keep track of.

One of these types of paperwork you’ll likely already have – and should have if you don’t already – is a certificate of insurance. In this article, you will learn everything you need to know about certificates of insurance, what they are, and why they are so essential. So, if you’re any kind of business owner, read on for the 6 things you should know about certificates of insurance.

What is a Certificate of Insurance?

Let’s start with the basics; what is a certificate of insurance? Quite simply, as explained by the insurance specialists over at, COI is essentially a form your insurance agent or company provides you to verify you have insurance. That’s it! A certificate to show you have insurance.

These documents do not alter or change your policy, instead, they simply prove that you have a policy. Sounds simple right? Well, that’s because it is! By the time you are looking at a certificate of insurance, it means the hard work is already done and you are adequately insured. Let’s dig a little deeper into a COI, what it should include, and why they are important.

What Should it Include?

A certificate of insurance is not an in-depth look at your insurance policy – you will find these details in your policy schedule or other paperwork provided by your insurer. However, they do include a few key points that you need to make sure are on there.

Firstly, it should include the name and contact details of your insurance provider. Then, it should have a brief overview or title of your policy, along with the dates that your insurance is valid to/from. On top of that, your coverage amounts and company details should be included. Other than that, no other details are required on a COI.

How to Get One

Many policy providers will include a certificate of insurance. However, if they don’t, you can simply request one directly from your insurer. They will deal with you directly and either digitally or physically send you a certificate. Once you have one, you can display it, duplicate it, or store it somewhere safe.

They Should Usually Be Free

Luckily, most insurers provide policy certificates free of charge. These documents are easy to produce and verify, so there should be no extra charge for doing so. They will have a simple template that they can modify to include your policy information. If your insurer does charge you for a certificate of insurance, the fee should be very minimal. It is unusual for an insurer to charge more than a few dollars for such a document.

Who Will Need to See Yours?

So, why might you need a COI? Depending on your type of work, it may be necessary to produce many copies of a COI for various people. For example, if you are a freelance contractor or any other freelance specialist, the person hiring you needs to know that you are insured before they let you work on their site. If you are uninsured, you risk causing them issues, both legally and financially.

On the other hand, you might need to see other company’s certificates of insurance. If you use vendors, suppliers, or have tenants in commercial properties, you need to ensure that they are adequately insured. If you don’t, any faults may fall at your lap and cost you dearly.

How Long Should You Keep COIs?

Finally, what should you do with your certificates and how long for? Ideally, you should keep them in a safe place – either digitally or physically – forever. Many insurance claims are taken retrospectively, meaning that someone may come chasing you for a certificate of insurance from many, many years ago. You may have changed policy or provider during this time, but so long as you have proof of your original insurance, you’ll be able to use that policy. Therefore, it’s vital to make sure you have copies of all your insurance policies and their certificates from your time in business.

These 6 things are the crucial pieces of information you need to know about certificates of insurance. If any of these things apply to you, then make sure you’re getting hold of a copy of your COI and putting it in a safe place. You never know when you might need it.

Things to Know Before Starting a Construction Business

Starting a construction business is complex. The head can go round with all the things to keep in mind, like looking through the collection of games at the PlayAmo casino. You have to learn the trade, get all the necessary permits, and find clients. It’s not easy! But it can be done with some preparation and guidance from experts in this field. In this blog post, we’ll talk about what you need to know before you start your own construction company.

Some of the most successful construction businesses have been passed down from generation to generation. But you don’t need a family background in construction work to start your own business doing this type of work. There are classes you can take. You can get training to do your own job. You will need to work hard, but if you want a job where you build things, this is for you!


Before starting any construction project, you should be educated on the type of work involved. Read books about how to do business and marketing for your trade. This way, you can learn what it will be like if you choose this as a career choice.


Research is always essential when learning something new. You should use books or internet resources to find out more about how to run a successful company before you spend any money. That way, you’ll know what things might cost or need your attention. It can save time down the road by taking advantage of all available help through reading up on topics related to the industry about your future plans. You’ll also learn essential tips such as making sure you get paid for your work and what licenses or permits are required to start a business.

Gain More Knowledge

If possible, find out if there’s an apprenticeship program that will allow you to gain relevant experience with professionals in the industry before going into it on your own as a self-employed contractor after learning about all this information! It’ll help you decide whether starting your own construction company is right for you early on in the process so that no time is wasted later down the road when things could be more complicated than they needed to be. If you are offered training programs by your company, take them. They can help you learn how to do things better, so there is less stress and less chance of losing money. This way, you can start making connections and getting your name out there before you even have to do any marketing yourself.

Business Structure

When starting a business, you have to think about what kind of company it will be. Some companies are better for some things than others. For example, some businesses are better for taxes and other things. You don’t want to incur too much debt upfront because it will only be harder on you financially if something goes wrong with one of your projects! Avoid thinking that all success stories are easy; they aren’t always as simple as we like them to be sometimes, so make sure not to go in with blinders on by ignoring anything terrible that could happen later down the road if things were done incorrectly at first simply because you didn’t plan accordingly from the beginning.

Construction business owners need to be on their toes the entire time they work. Also, make sure that their employees or partners share this same work ethic if you want any kind of success for your company’s future! They should have a good attitude at all times regardless of what is going on so that problems can be overcome quickly and handled in an effective manner every time! When you start something new, it can be really hard to know what to do if things go wrong. So think about how things might go wrong. If you want, you could hire people who already know what they are doing or invest more money in training someone new through various means such as online courses (if possible).

If you want to start a construction company, we suggest that you do research and make a plan.