Perspective
Jun. 9, 2011
The Value of Certificates of Insurance
Although certificates of insurance contain disclaimers, they are often silent on important issues. By Terry Leuin of Nossaman LLP
Governmental and private entities typically require contractors, lessees or other companies to purchase a commercial general liability insurance policy that names the entity as an additional insured. To assure compliance, the entity may require the company to provide a "certificate of insurance" identifying the entity as an "additional insured."
Unfortunately, a "certificate of insurance" is often not worth t...
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