Importance of Certificates of Insurance

Posted on: December 16, 2013

A certificate of insurance provides evidence of the levels of insurance that a business carries and shows coverage in force complies with the requirements of the requesting person. Certificates can be requested by you the Consumer

Why would you the consumer need one? Are you renovating your basement, building a deck, doing landscaping? What if something goes wrong as a result of the contractor you
hired? Who will pay to fix it?

Peace of mind comes from knowing the contractor hired carries the proper insurance coverage.

To have extra peace of mind you can ask to be listed as additional insured on your contractors insurance policy. This way if his policy cancels you will get a minimum of 15 days notice.

An example recently where many consumers were taken advantage of by unlicensed or uninsured contractors was the June 2013 flooding in Alberta. A certificate of insurance
can help protect your assets from loss, and is just a simple request to your
contractor.