‘Trust me, we’re covered. We have general liability insurance.’ This statement is also often followed by an all too common explanation, ‘My company employees are listed as additional insured so we are covered.’
Certificates of insurance are meant to evidence insurance coverage for landlords and tenants, secured transactions, and other property, casualty, and liability exposures companies and individuals face. They are not policies of insurance. Disclaimers recently added to standard certificates of insurance are causing confusion and open the door to assuming unexpected risk.
To learn more and ensure that you and your company are properly covered, give Victoria a call at 817-226-3372 or email her at Victoria@safeharborbenefits.com. She will be happy to walk through why certificates of insurance are used, the differences between certificates of insurance and insurance binders, as well as limitations in certificates of insurance, in additon to answering any questions you may have.