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A document or identification card from your insurance company. A DMV authorization letter, if you are a cash depositor or are self-insured. California Proof of Insurance Certificate (SR 22) form for broad coverage or owners policy.
If youre hiring a contractor, landscaping service, or other vendors to perform work on your property or for your business, you should request a COI to ensure that they have the necessary insurance coverage to protect against potential liability issues.
They do so in order to verify that someone has an adequate amount of insurance coverage in place to protect their business and assets. Here are a few situations where it would be pertinent for someone to request a COI: When theyre hiring a contractor for a job.
If you are a subcontractor, vendor, or any business performing services on another business behalf, you will need to provide a COI.
It is also called the Certificate of Insurance. It contains information about the insurance policy, including the type and scope of coverage, the status of the policy, limitations or exclusions and more. It also contains the policyholders name and age, the purchase date, the maturity date and more.

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The sample COI is intended as a guide and outlines the insurance requirements to be evidenced based on the corresponding agreement. Please submit the sample COI to your insurance agent or broker for review and issuance. upon receipt.
The certificate provides evidence that the insured has the financial wherewithal to satisfy its obligations (1) under the indemnification provisions of the contract, (2) to pay for loss of or damage to property, (3) to pay judgments or settlements, and (4) to protect The Regents if costs are incurred as a result of the
They want to know you have the right coverage. Your customer wants to ensure you have proper insurance coverage to protect against certain financial risks associated with the work. The certificate of insurance states the policy or policies you carry so your customer can see if you have sufficient coverage.

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