Va. Offers Protection Concerning Certificates Of Insurance
August 23, 2012, 1:40 PM EDT
Law360, New York (August 23, 2012, 1:40 PM EDT) -- It never ceases to amaze coverage lawyers the risk policyholders take by relying on certificates of insurance as the sole source of evidence that the other party to a contract has required insurance. Even riskier are those who rely upon those pieces of paper as evidence that someone is an additional insured. Let’s face it; your odds are better at playing the lottery.
Black’s Law Dictionary defines a certificate of insurance as a “[d]ocument evidencing fact that an insurance policy has been written and includes a...