COI Requirements Builder
Context
Recommended coverage rows update when the profile changes.
Holder
Required
Coverage
Endorsements
Quality Check
Not run
Use Run Self-Tests to execute the spec's golden checks.
Risk managers and general contractors often struggle to standardize vendor compliance documentation. Creating a comprehensive Certificate of Insurance requirements checklist helps ensure subcontractors and suppliers carry adequate coverage limits. By defining specific policies like general liability, workers' compensation, and additional insured status, organizations mitigate their own financial exposure before work begins on site.
This endorsement dictates that the vendor's insurance policy must pay out first in the event of a claim, without seeking contribution from the hiring party's own insurance policies.
A waiver of subrogation prevents the vendor's insurance company from suing the hiring party to recover damages paid out for a claim, further insulating the hiring party from liability.
Requirements vary by jurisdiction, but most states mandate workers' compensation coverage if a business has employees. Sole proprietors may sometimes provide a waiver or exemption certificate.
It extends the coverage of the vendor's policy to protect the hiring party, meaning the vendor's insurance will defend the hiring party against claims arising from the vendor's work.