Both an additional insured and a certificate holder are third parties that may be named on your policy. However, there are few key differences between the two! Let's break this down.
What is an additional insured?
- Is a named business (such as an event/venue) on your policy.
- They're protected under your policy.
- They can file a claim if they're sued due to something that arose from your actions/business.
What is a certificate holder?
- Is a named business (such as an event/venue) on your policy.
- They'll be notified of any changes to your policy such as if your policy is expired, renewed, or canceled during the event dates listed on the certificate.
- They're not covered by your policy, meaning they're unable to file a claim.
In closing, on your certificate request there may be instances where you only have a certificate holder, but not an additional insured. Typically, SIA will put the certificate holder information entered on your request in the additional insured wording box. Should you only need there to be a certificate holder, please indicate so in the "special notes" section on the certificate request form. If you have any questions, send us an email to certs@specialtyinsuranceagency.com or give us a call at 715-246-8908!
