Take Control of Your Insurance Certificates — Fast, Easy, Online

What is a Certificate of Insurance (COI)?

A COI is an official document that acts as proof that a business has active insurance coverage. It provides an overview of the policy, including key details such as coverage types, limits, and dates. A COI is required when a business is hired as a subcontractor by another business. It can offer assurance and establish trust, especially in business dealings like hiring subcontractors. If a subcontractor does not have a COI showing their own Work Comp coverage, the insured will be responsible for the subcontractor’s Work Comp coverage.

What is a Waiver of Subrogation (WOS)?

A WOS is a contractual agreement which forfeits the right to pursue an at-fault party for a Workers’ Compensation claim. If a claim occurs regarding a subcontractor on a job, and they do not have their own coverage, the company who hired them is responsible for the damages. The company could choose to subrogate the loss by seeking damages from a third party. However, with a Waiver of Subrogation, the right to subrogate is relinquished. A WOS can be endorsed onto a policy for an additional fee. The business can choose either a Blanket Waiver, which can be used for many, or a Specific Waiver which has one specific business listed.

Why You Need a Certificate of Insurance

3. Reduces liability.

By carefully documenting certificates of insurance from all third-party vendors, you're setting yourself up nicely for transferring loss to that party's insurer in the event that something goes wrong.

4. Protects you when outsourcing.

Contingent work comes with a unique set of insurance hazards. Performing due diligence and checking each vendor's policy against your requirements could profect you from incidents that could lead to costly litigation and effect the profitability of your ventures.

1. Proves your insurance status.

The COI is a summary of an insurance policy. It effectively serves as proof of insurance, without the bulk of the policy itself.

2. Provides quick access to information.

A COI constitutes an express version of an insurance policy. This convenience could save you dozens of hours of work each year.

Certificates of Insurance Requests Made Simple

If you need a COI, Current iBusinessSolutions' Work Comp clients can process their own certificates in a few easy steps!

Step 1: Contact iBusinessSolutions to set up your account

Create an email to: COI@iBusinessSolutions.com
Allow 48 Hours to process this request. Once complete, you will receive confirmation with a provided password. Be sure to save this password so that way it is not lost.

Step 2: Prepare your COI at NowCerts.com

Visit NowCerts.com to begin processing certificates: NowCerts Login
Enter the email address and password provided in the confirmation email
- If password is lost you can request that it be e-mailed to you after supplying the appropriate email address.
Insert Proper Certificate Holder Information (Name and Address)
Click Continue
Completed Certificate will populate automatically.

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