Be Wary Of Relying On Certificates Of Insurance

Law360, New York (October 27, 2010, 1:17 PM EDT) -- A recent federal court decision out of Florida once again highlights the ongoing danger of businesses relying on a certificate of insurance to their detriment when they need insurance most. Companies entering into contracts routinely ask for and rely on the other side providing a certificate of insurance to prove they have been added as an additional insured.

The problem is that insurance companies rarely, if ever, issue the certificate of insurance. If an endorsement is not added to the insurance policy, or there are terms...
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