Being a Certificate Holder on your vendor’s certificate of insurance is a formality. Of all the barriers to achieving compliance, Certificate Holder requirements are perhaps the least meaningful. In this post we will explain what Certificate Holder is and the best way to tackle it for COI management purposes.
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A Certificate Holder is a person or organization to whom the certificate is being provided as evidence of insurance. In the commercial real estate space, the Certificate Holder is typically required to be the landlord, property manager, or both.
A COI’s Certificate Holder usually appears at the bottom left of the certificate in the designated Certificate Holder box, but if the broker runs out of space there, she may also note the Certificate Holder in the Description of Operations or on an Additional Remarks page.
You can learn more in Jones’ Insurance Guide: What is a Certificate Holder
Note: Working for Real Estate or Construction? Interested in exploring how Jones can help you automate your COI management end-to-end and de-risk your building? Talk to our team of experts today!
Being a Certificate Holder on your vendor’s certificate of insurance is a formality.
Certificate Holders are not entitled to any of the benefits of an insurance policy. This is explicitly stated at the top of any Accord form you have received.
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