The Certificate of Insurance (COI) is an essential document that provides an overview of the insurance policy as well as a proof of insurance that can be given to authorities, clients and partners. In this guide, we will explain every aspect of the Certificate of Insurance and answer some of the most frequently asked questions.
Why do I need a COI?
Your COI is an essential piece of your insurance plan. Not only does it serve as proof of your insurance policy, but it also summarizes all the important factors of your policy. Often times, potential clients will ask to see your COI in order to understand your coverage. These clients include, but are not limited to:
Corporate Safety Departments
Real Estate Brokers
What’s included on my COI?
Effective date of policy
How do I set my additional insured?
Adding an additional insured is possible both via the SkyWatch.AI Web portal, and through the SkyWatch.AI app. Adding an additional insured is completely free of charge, and you can add as many as you need.
An additional insured can be:
When will I receive my COI?
Once you have officially purchased insurance via SkyWatch.AI, you will immediately receive your COI as an attachment to the confirmation Email.
To start us off, let's look at a sample of a COI for a SkyWatch.AI monthly plan.
Below is a sample of a COI for an on-demand/ hourly plan. The only difference between the COI for monthly and hourly is the policy period and coverage territory:
All the information you provide when purchasing your insurance is then directly found on your COI. When scanning or clicking on your QR code, you will be taken to another page. On that page you will see that your status reads active. This means that your insurance has officially started.
Can I update my COI after I have already purchased my insurance?
YES! You can always modify your COI as need be. If you want or need to add another additional insured - don’t fret, it all possible even after your purchase, via the SkyWatch.AI app and web portal.
Your policy will remain the same and the new certificate will be instantly available through the app.