Topic

Certificate of insurance

Business insurance glossary
Per-occurrence limit

The per-occurrence limit is the most your insurance company will pay for a single covered loss under the terms of your policy.

Business insurance glossary
Aggregate limit

For various types of insurance, an aggregate limit is the maximum amount of money an insurer will pay for all your covered losses during the policy period, typically one year.

Business insurance glossary
Insured

An insured is the person or business entity that receives financial support or other benefits after an insurance claim.

Business insurance glossary
Additional insured

In an insurance policy, an additional insured refers to anyone other than the policyholder who is covered by an insurance policy. Coverage might be limited to a single event or it could last for the policy's lifetime.

Business insurance glossary
ACORD certificate of liability insurance

An ACORD certificate of liability insurance is a document that proves you have liability insurance coverage.

Certificate of insurance
Errors and omissions insurance certificate

A certificate of insurance is a document that verifies you have errors and omissions coverage. It's not uncommon for clients or new business partners to ask for a copy of your certificate. 

Certificate of insurance
Professional liability insurance certificate

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.

Certificate of insurance
General liability insurance certificate

A certificate of insurance (COI) is a document that verifies you have business liability insurance coverage and condenses crucial information about your policy into one page.

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