LCIA Blog
The Certificate of Insurance and Your Workers' Comp Policy
6/4/2014 2:12:04 PM

The certificate of insurance (COI) is a document used to provide information about specific insurance coverage. The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies’ effective and expiration/cancellation periods.

In the world of workers’ comp, we typically use the certificate of insurance when our policyholders hire subcontractors. If you provide proof of workers’ compensation coverage for your subcontractors, LCI will not charge workers’ compensation premium for the subcontractors. If you do not have a certificate of workers’ compensation insurance for a subcontractor covering the dates they were paid, we will include the wages of the subcontractor and their workers in the audit. Certificates must cover the period when the subcontractor was paid. This may require certificates covering two different policy terms for the subcontractor in some cases.

During the webinar on June 11th, I will go into greater detail on how to read a certificate of insurance and what to look for specifically as it relates to workers compensation insurance. Topics covered will include:

  • Policy numbers
  • Effective dates and expiration/cancellation dates
  • Limits
  • Description of operations
  • Certificate Holder
  • Verification
  • Fraud


I hope you'll join us for the webinar. Click here, or contact Christina Buras at 985-612-6733 to register.

Feel free to contact me at 985-612-1241 if you have any questions about COIs or any other audit related questions.
Posted by: Chris Messenger | Submit comment | Tell a friend



Categories: Events  |  Workers' Comp

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