Construction Risk Management
Is Your COI File an Illusion? Why Subcontractor Risk Shows Up at Payment Time
Pull any certificate of insurance from your subcontractor files and read the line printed in capital letters at the top: “THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.” That’s you. The certificate holder. A COI does not establish additional insured status, confirm that limits still […]