August 12, 2018

Certificate of Insurance

Document issued by an insurance company or broker.  The primary purpose of the certificate of insurance (COI) is to provide proof of coverage to interested third parties.  Upon request by the insured, a valid certificate is sent by the broker or the insurer directly to the interested third party.  In most cases, the certificate comes in one of two industry standard forms:

• Acord Form 125 or the Certificate of Liability Insurance
• Acord Form 124 or the Certificate of Property Insurance