What is a Certificate of Insurance?

A Certificate of Insurance is a document that serves as proof that an insurance policy has been issued. It provides essential details about the coverage, such as the types of insurance, policy numbers, effective dates, and the limits of coverage. This document is often used in situations where one party requires proof of insurance from another party, ensuring that the other party has the necessary insurance coverage in place.

The significance of this certificate lies in its utility for businesses and individuals to verify that certain risks are covered under an insurance policy without needing to review the entire policy document. This is crucial in contractual arrangements, where parties may need assurance that valid insurance is maintained.

The other options, while related to insurance, do not accurately describe what a Certificate of Insurance is. A contract between two insured parties would be more aligned with insurance agreements rather than a certificate. An endorsement modifies or adds to the terms of an existing policy rather than serving as a stand-alone document of proof. Lastly, a list of exclusions details what is not covered under a policy but does not convey the same proof of coverage as a Certificate of Insurance does.