Certificate of Liability Insurance

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August 14, 2018

Certificate of Liability Insurance

Is one of the two forms in which certificates¬†of insurance are issued.¬† The primary purpose of the certificate of liability insurance is to provide proof that an individual or¬†entity has insurance coverage in place prior to entering a business relationship with another.¬† The business relationship between a general contractor and a subcontract is a good example.¬† The general contractor can possibly be held responsible for some actions of subcontractors working under him.¬† If the subcontractor doesn’t have insurance, or if their policy limits are inadequate, the general contractor and/or their insurance company may be held accountable.

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