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What is a certificate of insurance for contractors?

Contractors are using digital certificates of insurance that can be shared instantly to avoid project delays and meet requirements at commercial job sites.
Clients and project owners request COIs to protect financial interests and confirm coverage limits, while often asking to be added as additional insured to be covered in lawsuits.
COIs list policy numbers, coverage limits, effective and expiration dates, and the business name and insurance company to confirm active general liability and workers' compensation coverage.
Some insurance companies require phone requests and mail turnaround or charge $7 to $15 per certificate, which can delay projects and increase costs, contractors face financial risks without proper coverage.
Industry guidance recommends choosing insurers that offer instant, unlimited COI access and easy additional-insured adds; most certificates follow ACORD standards, as reported by ERGO NEXT and distributed by Stacker.

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