What does a Certificate of Insurance typically include?

A Certificate of Insurance is a document that provides an overview of the insurance coverage that an individual or business holds. It typically includes important information regarding the types and limits of insurance coverage, which is crucial for verifying the insurance status of an entity.

General Liability coverage is a core component as it protects against a variety of claims including bodily injury, property damage, and personal injury. This makes it essential for businesses, especially in property management, where interactions with the public and other parties can pose liability risks. Excess liability insurance, often called umbrella insurance, provides an additional layer of protection by covering costs that exceed the limits of standard liability policies. Including both types of insurance in a Certificate of Insurance is vital as it assures stakeholders—like landlords, clients, and the general public—that adequate coverage is in place to handle potential claims.

In contrast, personal property coverage, employee health benefits, and commercial property insurance, while important, do not typically formulate the core information presented in a Certificate of Insurance. Personal property coverage is more specific to items owned by an individual or business rather than liability coverage. Employee health benefits pertain to employee welfare and are not relevant for risk assessment in terms of property management. Commercial property insurance, which pertains to the physical assets of a business