In general, the Certificate of Insurance and any additional certificates should be issued by the insurance agent who wrote the coverage, and should provide the contact name, phone and address, policy number, insurance coverage, limits, effective and expiration dates. In every case, it is important to request the Certificate of Insurance from the agent, and not the carrier. You’ll find in the long run that it’s much easier to avoid fraudulent certificates and claims if all information is gathered from the correct sources and kept in order.
Last time we discussed how not having a Certificate of Liability Insurance from a potential trucking company business partner can itself be an unexpected form of liability. Now that we’ve established why a certificate is effectively required to carry out a freight transportation partnership without surprises, let’s take a moment to examine what the Certificate of Liability Insurance form is, exactly. This deep dive includes the liability insurance and certificate formats most commonly used in freight transportation and how to ensure your specific needs are met.
The savvy broker will require the Liability Insurance Certificate to clearly state the primary insurance policies applicable in terms of cargo insurance, auto, bodily injury, and property damage (“BIPD”) as well as Worker’s Compensation and General Liability Insurance in order to prevent either the wrong party, or multiple parties, from being held financially accountable for liability they did not take on. A good rule of thumb is to always include a section wherein both the insurance producer (or agent) and the insured are named, and their contact information and phone numbers are listed. It’s also probably a good idea to keep the policy number on file.