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To get a COI, simply send your client, hiring party, or other business partners a certificate of insurance request email, laying out the details of what youre requiring from their insurance coverage.
Without a COI, you could be held responsible for any damages that occur on your property, even if theyre not your fault. If someone is injured on your property and sues you, your business could be in serious financial trouble. A COI protects you from these kinds of liabilities.
If you are a subcontractor, vendor, or any business performing services on another business behalf, you will need to provide a COI.
A Certificate of Insurance provides information about the types of insurance policies that the insured party holds. This information includes the insurance companys name, policy number, and policy effective dates. It also includes details of the coverage limits and the types of covered risks.
A Canadian certificate of coverage is evidence that an employee, an employer, or a self-employed worker is subject to Canadian legislation and is exempt from contributing to the social security system of a host country with which Canada has a social security agreement.
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A COI is a statement of coverage issued by the company that insures your business. Usually no more than one page, a COI provides a summary of your business coverage. It serves as verification that your business is indeed insured.
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.

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