CERTIFICATE OF INSURANCE INSURED Name Address City, State, Zip This certificate is issued as a matter of information only and confers no rights upon the certificate holder - schoolcounselor 2025

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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. Potential clients may request a COI as a condition of doing business with you.
The Per Statute box on the Workers Compensation row of a COI indicates whether the policy meets the statutory limits required by the state. If this Per Statute box is left blank or if Other is marked, it is safe to assume that the policy does not meet the states statutory limits.
A certificate holder is the business or person who receives the COI from the policy holder. The insured or their insurance company will provide the COI to the certificate holder as a way to prove they have sufficient insurance coverage for the job.
Coverage is limited to the activities of the named insured approved by the insurer. Mortgagee and Lenders Loss PayeeExtends rights in property coverage to the certificate holder. The certificate holder will have the contractual right to receive payment of any insurance proceeds.
In addition to coverage levels, the certificate includes the policyholders name, mailing address, and describes the operations that the insured performs. The address of the issuing insurance company is listed, along with contact information for the insurance agent or the insurance agencys contact person.
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Basically, an Additional Insured is another individual or business the policyholder adds to an insurance policy, who is entitled to the same coverage benefits. A certificate holder receives verification of insurance and notifications of any changes made to a policy but is not covered by the policy.

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