Commercial agreements & supporting documents · Working

Certificate of insurance

Also called: COI

ELI5

Evidence that specified insurance coverage is in force, subject to the policy itself.

Used in conversation

“The team needs one controlled copy of certificate of insurance, with an owner and date.”

Pitch context

You will see “Certificate of insurance” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches commercial agreements & supporting documents.

Why it matters: In commercial agreements & supporting documents, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 5

Direct term-level sources and supporting source families.