Commercial Lines Coverage Checklist - iiaiowacom 2025

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A certificate of insurance is used for proving insurance coverage. Small business owners and contractors often have a COI that proves they have insurance that protects against liability for workplace accidents or injuries.
Every policy has a written Evidence of Coverage (EOC). The EOC is your guide to what is covered and what is excluded, how much you will pay depending on the circumstances, what your cost sharing will be, and other information about using your coverage.
Commercial Property, Inland Marine, Boiler and Machinery, and Crime are the most common commercial property coverage lines.
There are three coverage options: Actual Cash Value. Replacement Cost. Guaranteed/Extended Replacement Cost.
Coverage checklists give agents an opportunity to educate customers about coverage choices that might otherwise seem confusing in written policy form. Through a thorough Needs Assessment, the best coverage options will emerge.
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Proof of insurance comes in several forms. Its important for every driver to have proof to show if pulled over, in an accident or registering a car. The most common form of proof is a card mailed to you by your insurance company or printed out. It will include your policy number and details about you and your vehicle.

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