Certificates of insurance may be common but may states have issued regulations governing their proper use.
Insurance buyers continue to see rising prices but market conditions are keeping increases moderate.
Certificates of insurance are often over-valued, leaving policyholders with a false sense of security.
Brazil’s rapid economic growth has increased the demand for insurance and created new compliance concerns.
Shifting the responsibility to procure insurance coverage to a business partner is a useful strategy for reducing insurance costs, but it is not without risk. Relying solely on certificates of insurance could create unexpected coverage gaps.