Byline Certificate of Insurance Made Easy

Markel Insurance Certificate Of Insurance Forms 2015-2019

hi I'm Duke Williams and thanks for taking a couple of minutes to learn how to complete or fill in on a cord 25 certificate of insurance the first thing you'll do is in the top right hand corner fill in today's date next you fill in your agency information so you'll put in your phone number your fax number the agency name and address then you enter your insurance information there our fax number their phone number and their legal name and address for the certificate of insurance this should be the same as the name on the policy and to finish out this top section the insurers information here on the right you have room for five and different insurers to start filling in coverage information we'll start with the general liability policy you see we put in the letter A to correspond with the insurers number at the top then we check the boxes to show that it's a commercial general liability policy it's claims-made and down at the bottom we show that limit applies per policy so next we'll put in the policy number for the actual policy that is currently in force we put in the effective dates here we've put in seven one oh nine and seven one oh ten for the effective and expiration dates and then we put in the coverage limits and we put in the applicable limits for each coverage which listed over here in the far right hand column so in this example I'm showing you all of the coverage is filled out except for garage liability and I just don't have enough imagination but the garage liability in here I guess but you follow the same pattern the company letter the checkbox for the coverage the policy number the effective dates and the coverage limits in some cases like if you look down here under the umbrella you have a deductible space you complete all the information there then you'll move on to description now you won't always need to put anything in for description but in many cases the person is asking for the certificate we'll want a description of the specific job or contract number that you're working on so you put that information in here you have several lines to put in whatever you want after description we're going to fill in stiphu colder name and dress I haven't filled in there fax or phone number but you may want to do that and then in the box below that you'll put in the proper name for the certificate holder and their mailing addresses typically can get to them in the cancellation blocks you have a blank that you can put in the number of days that they will to give cancellation notice for this is probably the most abused and confused section of certificate of insurance my advice is don't change the wording and be careful to put in the actual number of days of cancellation notices that are required if you change this as an agent you may find yourself liable for an Arizona missions claim if your company has not agreed this remember the certificate of insurance is not part of the contract it's a representation of the contract at a moment in time and it bestows no coverage rights or cancellation rights to a certificate holder if your person that is holding this ticket wants that the proper way to do it is through some form of additional interest or additional insured endorsement to the policy so they do become a part of the policy and have those policy rights for the last item on this page you're going to need to sign an authorized representative signature so be sure that whoever signs it is licensed and has the legal right to sign for the companies that are listed in the certificate of insurance the second page is a certificate of insurance from Accord has this important notice if the certificate holder is an additional insured the policies must be endorsed a statement of the certificate does not confer rights to the ticket holder and Luas such endorsement again back to the point I was making earlier in the listing this ticket holder this is the proper way to give the person holding certificate what they won't there's nothing wrong with what they won't it's just the certificate of insurance is the wrong form to give it so don't mislead them be sure you give them what they want is additional interest if they need or require notice of cancellation or to be a party to the policy well thanks again for your time I'm Duke Williams with cap debt accord thanks again