A certificate of professional liability insurance is a document that provides proof of coverage and summarizes the most important information about your professional liability insurance policy.
What information does a certificate of insurance include?
A certificate usually lists the following information about your professional liability insurance policy:
- When your coverage expires
- How much coverage you have (your policy limits)
- Your policy number
- The name of your insurance company
To see what one looks like, review this sample certificate of liability insurance [PDF].
When do you need a certificate of liability insurance?
A certificate of professional liability insurance is the document you share when someone asks for proof of insurance – often when you are applying for a professional license or signing a contract with a new client.
A certificate of insurance makes it easier to establish trust in your business. It's how you're able to show licensing boards, clients, and others that, if you make a mistake in your professional work, you’re able to pay for the damage it causes.
Here are some situations where you might need a certificate of liability insurance:
You apply for professional licenses. If you apply for certain professional licenses, many states require that you hold professional liability insurance.
A client requires it. Clients want to know that if you make a costly work mistake, you'll have insurance to cover the damages. Typically, when you work with a larger company, they'll require insurance.
If you designate an individual or business a "certificate holder" on your policy, the insurer will update them immediately if your insurance status changes. This option can help maintain trust with clients.
How do I get a certificate of liability insurance?
Many Insureon customers face the same situation: they’re running a new business, and they’re about to sign their first major contract. In order to finalize the deal, they need proof of professional liability insurance. They need to get coverage quickly and attach a copy of the professional liability certificate to the contract.
Because we've worked with thousands of small businesses, we know you sometimes need coverage immediately to sign a new contract. That's why we hire expert insurance agents who can help get you covered quickly. You’ll typically be able to get coverage on the same day you contact us.
Save money by comparing quotes with Insureon
Complete Insureon’s easy online application today to compare professional liability insurance quotes from top-rated U.S. companies. Once you find the right policy for your small business, you can begin coverage in less than 24 hours.