A certificate of insurance is a document that verifies the existence of an insurance policy and provides important information about the coverage it offers. By the insurance from a contractor, you can ensure that they have the necessary coverage to protect your business in the event of a claim, lawsuit or injury onsite.

For businesses, having a certificate of insurance can provide valuable protection in the event of a claim or lawsuit. A certificate of insurance is a document that verifies the existence of an insurance policy and provides important information about the coverage it offers.

There are risks to hiring uninsured subcontractors, but you can legally protect your business. You may have to pay for the damages caused by an uninsured subcontractor's negligence or flaws in their work, even if it was not your fault. They may not be licensed, which means they cannot legally perform certain types of work. If they don't carry proper insurance, you could be held liable for their medical expenses.

Top 5 reasons why you need to collect Certificates of Insurance for your construction or real estate business.