Certificate of Insurance (COI) Explained: Why You Need One | Business Insurance by ERGO NEXT

Описание: Running a small business means you’ll eventually be asked for a Certificate of Insurance (COI). Whether it’s a client, a landlord, or a general contractor, knowing how to provide proof of insurance is essential to landing contracts and staying compliant.

In this video, we break down everything you need to know about COIs:

• What exactly is a COI? (And how it differs from your full policy)
• Key information included: Business names, policy numbers, and coverage dates.
• Why you need one: From bidding on jobs to signing leases.
• The "Pro Tip": Why you should be asking your subcontractors for their COIs too.
• Additional Insured: What it means when a client asks to be added to your policy.

Stop the paperwork headache and learn how to generate your COI instantly with the ERGO NEXT app.

Get a free quote online: https://www.nextinsurance.com

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0:00 – Introduction: Why do you need a COI?
0:25 – What is a Certificate of Insurance (COI)?
0:46 – COI vs. Insurance Policy: What’s the difference?
1:21 – Standard COI formats (Accord)
1:26 – What information is on a COI?
1:51 – "Additional Insured"
2:01 – Why do clients and landlords ask for a COI?
2:18 – Real-world examples (Landscapers, Boutiques, Consultants)
3:03 – Pro Tip: Requesting COIs from subcontractors
3:52 – What is an "Additional Insured"?
4:41 – How to get a COI instantly with ERGO NEXT