Helpful Small Business Insurance Terms and Definitions
General Liability Insurance
Professional Liability Insurance
Errors and Omissions Insurance
Cyber Liability / Data Breach Insurance
Workers' Compensation Insurance
Business Owner’s Policy
Data Breach Insurance
Certificate of Liability Insurance
Additional Insurance Offerings
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Get in-depth information on essential insurance coverages.
Certificate of Liability insurance
The agreement between an insurance agent and the insured party.
While the final agreement will have to come from the insurance company itself, agents are allowed to sell insurance packages to their clients and get final approval from the insurance company after the deal is finished. This is a standard practice. A binder is the written contract that shows the agreement between the insured and their agent. A final contract will come later from the insurance company.