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A Certificate of Insurance is a document issued to small business owners as proof of insurance. It includes details such as types of coverage, the issuing insurance company, policy number, names of the insured, policy dates, and limits and deductibles. General Contractors face risks of significant losses from potential accidents during projects, which can harm their reputation and leave clients with unfinished work. To mitigate these risks, contractors typically obtain general liability insurance. In most states, proof of liability insurance is necessary for obtaining a general contractor license, though it may not be required by local governments.