Easily Manage Worker's Compensation Insurance Certificates

myCOI brings certificate of insurance management to a whole new level. We protect your company against the risk of underinsured claims, costly litigation and failed audits.

Protect Your Business From Costly Claims

Ask your CFO or Risk Manager just how much workers compensation claims can cost your business. If you are collecting certificates just to confirm they were received, you have no guarantee that your requirements are being met. myCOI Central is built on a foundation of insurance industry logic to ensure you remain protected with the appropriate coverage.

Automate Your COI Tracking

There’s no more need to worry about stacks of certificates cluttering up your office or hours of frustrating phone calls and emails to chase down certificates. myCOI Central provides your company with a solution to automate your insurance certificate requests, collection, and compliance resolution, while also giving your team a single, centralized repository to view compliance. 

For Agents & Brokers

Win business and boost retention by providing agency branded, industry leading insurance tracking software to your insureds.  Offer software only or add on your own compliance review services.

"As a result of switching providers and partnering with myCOI, myself and our 11 Contract Administrators are spending about 1 hour of our time each week on insurance compliance versus 1 hour each day."
Victoria Pearson
Contract Administrator Manager
Alston Construction

Workers Compensation Insurance Certificate

If you run a business, then employee safety is probably at the very top of your priority list. At the same time, accidents happen despite even the best planning and precautions. This is why it is important for you to be prepared. If one of your workers gets hurt on the job, then you could be responsible for his or her medical bills. In this kind of situation, workers compensation can help you. If your business is hired to perform services, then you also need to have a workers compensation insurance certificate.

Workers compensation is designed to protect employers and employees in the event an employee has gotten hurt on the job, cannot return to work, and has accrued a significant number of medical expenses. All businesses need to make sure they properly track their third parties certificates of insurance: otherwise, they may not even realize that their third parties insurance coverage the certificate has lapsed. If this happens, they might not have the workers’ compensation certification they require, and this can incur enormous costs if an accident happens in the meantime. As a result, it is critical for businesses to make sure that they stay up to date on workers’ compensation certificates.

A workers comp certification is important because it is proof that the business has the full and appropriate workers compensation insurance. Therefore, in the event that this business might have to pay out a significant amount in the form of workers compensation benefits, then you know they will have the insurance protection on hand to do so.

So, this is obviously a very important consideration! What do businesses need to keep in mind when it comes to this type of insurance? There are several key points to note.

Workers Compensation Insurance Certificate Sample

First, it may be helpful to take a look at a workers compensation insurance certificate sample. Examples may help you answer questions such as: what will be included in this insurance certificate? What do businesses need to look for?

There are several important pieces of information that have to be included in a certificate of workers’ compensation insurance. This certificate should name the insurance company providing the insurance coverage and the name of the company the insurance is protecting. The policy number and the effective date and expiration date of coverage must also be included. So, it is helpful for both the company and the workers being covered to know what date it begins on instead.

If you want to make sure that you have all the information you need, then you should take a look at a workers compensation insurance certificate sample. That way, if anything is missing from your own certificate, then you can ask your provider about it. Take the initiative to make sure that your company is properly protected with the right workers compensation insurance.

Certificate of Insurance

In any business, there is a good chance that there will be multiple types of insurance that you need to provide. For example, you have to protect your business with commercial insurance, your delivery fleet or other vehicles may have commercial vehicle insurance, and you certainly need to have workers compensation insurance. How are you going to be able to keep up with all of these insurance policies?

This is another place where you can be using a certificate of insurance: to keep track of your various insurance policies. For example, if you are looking at a certificate of insurance, then you have to make sure that all the important information is included. That way, you can follow all certificate of insurance compliance measures. Luckily, you might be able to find a certificate of insurance sample online to learn more about these.

If you are wondering how to get a certificate of insurance in the first place, though, then you should rely on trained professionals to help you. After all, you already have a business to lead, and working your way through the labyrinth of workers compensation and insurance takes both time and expertise. Moreover, you’ll want to make sure your insurance is being properly tracked. If you use a professional company or insurance agency to take care of this for you, then you should be able to rest easy, knowing that there is someone knowledgeable who is solely responsible for making sure that you know the ins and outs of your insurance policy.

So. Protect your business with the right insurance plans and track them too using a certificate of insurance.

Workers’ Comp Insurance

If you are wondering, “what does a certificate of workers comp look like,” it’s worth knowing that there are several important pieces of information that should be included.

First, as with any good piece of insurance, the names of the insurance company and the policyholder should both be present. Then, you should also be able to see on what date the insurance plan becomes active. This is critical to know because anyone who is injured and requires workers comp benefits prior to this date might not be covered.

Information about the type and amount of insurance coverage should also be included. This is a critical piece of information that you and your employees will all need to know, so it is something that should be included as well.

Clearly, there is a lot that needs to be included on this relatively small piece of paper, and in addition, you’ll need to keep track of these workers’ comp documents properly. So if you are serious about keeping up with your workers compensation insurance plans, then it may be a very good idea to rely on a professional service that can help track it for you. One of the times when you will most benefit from this is when your plan is about to run out: in this case, the company will notify you immediately, allowing you to quickly rectify the situation before anyone loses coverage.

How Do I Get A Copy Of My Workers’ Comp Certificate

You might very well be wondering “how do I get a copy of my workers’ comp certificate”? This is somewhat different from how to check a workers comp status: in that case, you need to reach out to your individual insurer.

To obtain a copy of this workers’ comp certificate, though, there may be additional processes in place. What company do you have your workers compensation insurance with? If, by some chance, you do not know the answer to this question, then check your financial records. Then you can reach out to that company, and ask them if your policy is still active and where you can obtain a proof of insurance.

If your workers’ compensation insurance is still active, then they should be able to let you know what type of coverage you have, when the coverage is effective, and what the limit of that coverage is. Or you may learn that your policy has lapsed or expired, so that you need to renew your coverage. At this point, renewing the policy should be enough to get the workers’ comp certificate you need.

How To Get A Workers’ Comp Certificate

Or you might be wondering how to get a workers’ comp certificate from scratch or how to check workers comp status – that is, if you are working with a new insurance company or just handling this process for the first time for your business. If so, then it may help to take a look at a worker’s comp certificate example. Remember that a workers compensation certificate serves as proof of your coverage, and this may prove critical in many circumstances.

If you would like to get a copy of the certificate, the first thing you should do is reach out to your company’s insurance provider. That way, they can let you know if you have the coverage you require, and whether there are further steps you’ll need to follow.

Ultimately, though, the steps to obtaining your workers’ compensation certificate of any type will depend on the particular insurance company you’ve partnered with. When speaking with an insurance agent or insurance company representative, begin by asking what your minimum level of coverage should be. Then if you need to increase your coverage you should have your tax identification number, name, and address at hand. From there, you may have to wait for them to send you the certificate and have it printed when it arrives, or you may be able to ask them to mail you a copy.

Either way, you will know that you have the proof of insurance you require. Follow these important steps to make sure you have both the right protection and also proof of that protection.

Proof of Workers’ Compensation Insurance

Ultimately, it is critically important for you to make sure that your business is properly protected, and this is a major reason why you need workers compensation insurance. This type of insurance protects you against financial damages related to employees getting hurt or sick on the job. Furthermore, it also protects your employees, offering them support and benefits as they go through the diagnosis, care, and recovery processes.

However, beyond just having this insurance, you will also need to have an easily-accessible proof of workers’ compensation insurance as well. That’s a certificate. Or, if you believe that you are not required to have workers compensation insurance, then you still need to have your workers comp exemption certificate handy. That way, if anyone has questions about this, then you have the means on hand to show them that you do not need it.

If you are required to have workers compensation insurance, though, then you should also have your certificate of workers’ compensation insurance form. This insurance form is important because it has all the necessary information regarding your insurance policy. It should have the name of your insurance company, the name of your business, when the policy is active, the policy number, and the types of benefits you have through it. It can be very useful to have all this information ready at hand for any situation.

All in all, make sure that you properly protect your business. Invest in workers compensation protection for your business and your employees. No matter the precautions you take and the safety training you provide, you never know when an accident is going to happen, and you will want to be prepared, just in case.