What does a Certificate of Insurance provide?

A Certificate of Insurance serves as a document that provides proof of coverage and outlines basic details of an insurance policy. It typically includes essential information such as the types of coverage in place, the policy limits, the policyholder's name, and the insurance company's details. This document is often required in situations where proof of insurance is necessary, such as when entering contracts or providing services.

The primary purpose of the Certificate of Insurance is to confirm that a particular insurance policy is active and to give an overview of its key elements without going into the full details of the policy. It does not delve into specific coverage limits for particular types of claims, nor does it describe the claims process or detailed exclusions that apply to the insured’s policy. Thus, it serves a different function than solely laying out claims processes, specific coverage limits, or exclusions, making it distinct and crucial in various transactional scenarios in business and contracting.