Policy control guides

Additional insured vs. certificate holder A certificate holder is simply the party that receives your certificate of insurance; they get information, not coverage. An additional insu... Read → How certificates of insurance work A certificate of insurance is a one-page summary of your policies issued to a holder — a landlord, client or contractor — as proof of covera... Read → How premium audits work Workers' compensation and many general liability policies charge an estimated premium based on projected payroll or sales, then audit the ac... Read → How to cancel or replace a policy safely Bind the new policy first, with an effective date that matches the day you want the old one to end. Then cancel the old policy in writing ef... Read → How to read a declarations page The declarations page is the front of your policy: who is insured, for what, for how much, for how long, and under which forms. Read it in t... Read → How to switch agents and keep your carrier A broker-of-record change moves an existing policy from one agency to another without changing the carrier, coverage, policy number or price... Read → Primary and non-contributory, explained Primary and non-contributory is an endorsement on your liability policy stating that, for an additional insured you were required to add by... Read → Waiver of subrogation, explained Subrogation is an insurer's right, after paying your claim, to recover from whoever caused the loss. A waiver of subrogation is an endorseme... Read → What to do before a renewal Start sixty days before expiration: update revenue, payroll, headcount, vehicles and locations; list the contracts and leases you must satis... Read →