#4 Relying on a Certificate of Insurance
In today’s post Brian continues his discussion on the The Ten Biggest Mistakes Made By Corporate Insurance Policyholders, addressing the issue of relying on a certificate of insurance. Certificates of insurance are used in a myriad of situations to extend the interests under a liability insurance policy to a third-party. However, there are many shortfalls to relying on a certificate of insurance alone to transfer that interest.
Can You Rely On a Certificate of Insurance?
The problem is that a certificate of insurance, alone, is not always effective in transferring risk under an insurance policy. See Risk Transfer Nightmares. There is, however, a solution to this problem. Watch the video to learn more.