Sports camps and clinics allow children to engage in activities that help them learn and grow. Planning for these events involves a lot of work, as you’ll likely be in touch with various vendors, parents, and employees. But what happens when you’re asked to provide an additional insured certificate?
Learn more about certificate holders and additional insureds and how they may relate to your insurance coverage and needs in planning a sports camp or clinic.
Terms to Know: Certificate of Insurance, Certificate Holders, and Additional Insureds
To better understand what it means when someone asks you for an additional insured certificate, it’s important to define some standard insurance terms:
- Certificate of insurance (COI)—This document summarizes essential details of an insurance policy, such as coverage limits, dates, and who is covered. The purpose of a COI is to provide proof of coverage to certificate holders, who may include vendors, contractors, tenants, and others.
- Certificate holder—The certificate holder is the recipient of the COI and cannot make claims on the policy or change its terms.
- Policyholder—The policyholder is the person whose name appears on the insurance policy and who benefits directly from its coverage.
- Additional insured—An additional insured is a person or entity that benefits from the coverage of another’s insurance policy and can make claims under the policy. A certificate holder can request to be an additional insured on the policyholder’s policy, which would be reflected on the COI. Adding an additional insured to a policy means that the policy will payout for any claims or damages related to the additional insured, which can include parties not originally named in the policy.
What Does This Mean for You?
If someone asks you to provide an additional insured certificate when discussing your sports camps and clinics, they may want to know who is also afforded coverage under your policy. Or, they may be wondering whether they can be added to your policy to be covered should something happen at your sports camp or clinic.
How Can I Learn More?
If you need sports insurance for your camp or clinic, or you need to find out how to list an additional insured on your policy, we’re here to help. Reach out to Bene-Marc, Inc. to discover your sports insurance options.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.