#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.