Certificate of Insurance
Key Takeaway
A document issued by the insurance carrier or broker that serves as proof of coverage. Certificates summarize the key policy details including the insured name, coverage types, policy numbers, limits, and effective dates.
Definition
A document issued by the insurance carrier or broker that serves as proof of coverage. Certificates summarize the key policy details including the insured name, coverage types, policy numbers, limits, and effective dates. Courts, clients, and landlords frequently require attorneys to provide certificates as evidence of active insurance.
Why This Matters for Law Firms
Regulatory requirements vary by state and are evolving rapidly. Law firms must stay current with these terms to maintain compliance with bar association rules, state insurance regulations, and client disclosure obligations. Non-compliance can result in disciplinary action, fines, or uninsured exposure.
Example Usage in Context
An attorney completing their annual bar registration might see this referenced: "The state bar asks about certificate of insurance status. Make sure our firm's records are current and our response is accurate."
Related terms
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