Certificates of Insurance Emerging Issues
Approved for 3 hrs. P&C CE credit in SC
A Certificate of Insurance is a document that verifies your insurance for specific coverages and coverage limits with your insurance company's name for a stated period of time. It is one of the more high-risk documents that pass between insureds, agents, insurors and third parties.
This webcast will discuss why one in about 25 E&O claims now involve a COI issue because of failing to add or properly identify additional insureds or misrepresenting coverage on the certificate.
- Review the format and implications of Certificates of Insurance;
- E&O statistics and court cases involving ineffective use of the Certificate of Insurance,
- How to implement solutions to the problem
- Assess periphial issues such as contractual risk transfer, additional insureds, and much more.