COI Requirements for Contractors

What is a Certificate of Insurance? Learn COI requirements for contractors, what it includes, and common mistakes to avoid.

COI Requirements for Contractors

What is a Certificate of Insurance? Learn COI requirements for contractors, what it includes, and common mistakes to avoid.

In this article, Todd Conn, CLCS, founder of TCDS Insurance Agency, shares his insights on COI Requirements for Contractors | Guide. As a 2023 Agency of the Year recipient with a 4.9-star rating, TCDS is committed to educating consumers on making informed insurance decisions.

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What is a Certificate of Insurance (COI)?

A Certificate of Insurance (COI) is a document that proves a business or individual has active insurance coverage. It summarizes key policy details including the type of coverage, policy limits, effective dates, and the insurance company. COIs are commonly required by clients, landlords, and general contractors.

Who needs a Certificate of Insurance?

Contractors, subcontractors, vendors, tenants, and any business that works on others' property or enters into contracts typically need COIs. In Alabama, general contractors almost always require COIs from subcontractors before allowing them on a job site.

How do I get a COI?

Contact your insurance agent or carrier to request a COI. Most agents can issue one within 24 hours, and many can do it same-day. At TCDS, we provide COIs quickly and can add additional insured endorsements as needed for your contracts.

What should I look for on a COI?

Verify the policy is current (check effective and expiration dates), confirm the coverage types match contract requirements, ensure limits meet minimum requirements, and check that your company is listed as an additional insured if required by the contract.