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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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<p>[QUOTE="ProfessionalNoticer, post: 12052980, member: 317301"]I've never seen this for WC but it's standard procedure for Auto Liability, General Liability and Cargo. All a COI is is essentially proof of insurance coverage coupled with a notification sent to the Holder if the policy is cancelled. Add the Carrier as a Holder and give them a copy.</p><p><br /></p><p>Or do they want to be added as an Additional Insured? In that case they'll be added to your policy and will be able to file a claim directly with your insurance company without your direct involvement.</p><p><br /></p><p>I don't add Additional Insureds to my policy but Holders are extremely common and usual business operation in my world. I wouldn't do it unless they had a very good reason for it. You'll have to ask them directly. You're running a business here. Keep that in mind.[/QUOTE]</p><p><br /></p>
[QUOTE="ProfessionalNoticer, post: 12052980, member: 317301"]I've never seen this for WC but it's standard procedure for Auto Liability, General Liability and Cargo. All a COI is is essentially proof of insurance coverage coupled with a notification sent to the Holder if the policy is cancelled. Add the Carrier as a Holder and give them a copy. Or do they want to be added as an Additional Insured? In that case they'll be added to your policy and will be able to file a claim directly with your insurance company without your direct involvement. I don't add Additional Insureds to my policy but Holders are extremely common and usual business operation in my world. I wouldn't do it unless they had a very good reason for it. You'll have to ask them directly. You're running a business here. Keep that in mind.[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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W/C, certificate of Insurance
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Reply to Thread