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How much does a certificate of insurance cost? A certificate of insurance is free. Much like a receipt, the document is proof that the policyholder paid for the policy and has insurance.
Assuming they have insurance, getting a COI is incredibly easy. At my old company we needed to furnish COIs listing the buildings we were working in as being covered (additional insured I think). All I had to do was email my contact at the insurance company, and she would get a COI back to me typically the same day.
Generally, a client will request a COI directly from your insurance company to confirm you have appropriate insurance coverage. If you are hiring a contractor, consider getting a COI from their insurance company, even if you have worked with them before because their coverage may have changed. U.S. Department of Labor.
Elements of a COI Company Name and Address: legal name and address of the insured entity. Producer/Agent name and address: the insurance Agent/Broker who issues certificates. Carrier names: name of the company that holds your insurance policy. Policy type: the types of insurance required by the contract.
As such, you only have the power to obtain a COI from your agent or broker and submit it. You are not authorized to create or certify one. You cant even sign it. Your insurance agent should be the only person who supplies your COI.
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A COI is free to all policyholders and typically takes one day to process. We issue a COI only to a single specifically named third party per your request. If you need to provide a COI to multiple parties, you will need to make a separate request for each party.
You are not authorized to create or certify one. You cant even sign it. Your insurance agent should be the only person who supplies your COI.

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