TWO IDEAS TO TUNE UP YOUR COVERAGE

摘要

The lesson here is that it's not enough to obtain a certificate of insurance from vendors performing work on your premises. A certificate tells 3?ou the vendor has its own insurance. That's important, and you should make sure the certificate matches the actual policy to which it refers. But it does not transfer risk from you to the vendor. To do that, the vendor must name you as an additional insured under its policy. For further protection, sign a contract with the vendor that includes a hold-harmless agreement. These small steps can help you protect your business.