24/7 COI

A certificate of insurance (COI), also known as a certificate of liability insurance or proof of insurance, is a document issued by an insurance company or broker that verifies the existence of an insurance policy and summarizes its key details.

A COI is used as proof of insurance, typically required by many parties in the trucking industry, like shippers, brokers, and financiers, before you can work with them. It helps them manage their risk by ensuring you have the necessary coverage in case of any accidents, injuries, or damages.
A standard COI typically lists the policyholder's name, type of coverage, policy dates, limits of coverage, and additional insured parties.
Having a readily available COI streamlines your operations. You can quickly provide it to potential clients or partners, enabling smoother business interactions.

How to Get Certificate of Insurance

Commercial Trucking Insurance, powered by Dream Assurance, offers a 24/7 COI service , which provides convenience, efficiency, and peace of mind for businesses operating in fast-paced, time-sensitive environments.

If you have an account with us, please proceed to our self-service log in below.

Set Up Login:

Create your password and click “Save” 2.Your username is your email address.

Send COI Click on “Send Certification“, in the top right.

Enter COI Holders Information Enter Name and Address of the company you are creating the COI for. This Information Will Be Saved. Add Vehicles

Add Vehicles on this page. Send COI

The subject line is filled for you or you can change it.
You may enter a message to COI “Email Body Message“.
To send your COI. Click “Send Certificate“
Your COI will be sent the certificate holder you just set up and you will receive a copy for you records.
You may log back into your client portal at anytime to review sent COIs and send new ones.

Confirmation To review COI’s sent:

Click on “Other” on the right side of the page
Then click “Certificates Sent”
This will show your list of COI’s you have sent.

Download:

You may also download a copy of any and all of the COI’s you have created. Otherwise, here’s how you can set up your log in and get your COI in no time.

24/7 Certificate of Insurance Frequently Asked Questions

Why is a certificate of insurance (COI) important?

In the trucking industry, a certificate of insurance (COI) is crucial for multiple reasons.

1. Legal Requirement:

Operating a commercial truck without proper insurance is illegal and can result in hefty fines, license suspension, and even criminal charges.
Most states and federal regulations, like the Federal Motor Carrier Safety Administration (FMCSA), mandate specific minimum insurance coverage for different truck types and cargo weights.
A COI serves as documented proof that you meet these legal requirements, showcasing your compliance with regulations.

2. Business Necessity:

Many entities in the trucking industry, including shippers, brokers, and financiers, demand COIs before working with you. It demonstrates your financial responsibility and ability to manage potential risks, building trust and facilitating business partnerships.
Shippers often have specific insurance coverage and limit requirements based on the cargo type and value. A COI ensures you meet these demands, allowing you to accept and transport specific goods.
Having your COI readily available streamlines operations by avoiding delays in providing proof of insurance when opportunities arise.

3. Liability Protection:

Trucking involves inherent risks of accidents, cargo damage, or injuries.
Your insurance policy covers these expenses up to the specified limits, but you need a COI to activate this protection.
Without a COI, you become personally liable for damages, potentially leading to financial ruin.
Having a COI ensures you can rely on your insurance to absorb financial burdens in case of unforeseen events.

4. Additional Benefits:

COIs can help secure better financing terms for trucks or equipment purchases as lenders see you as a responsible operator with proper risk management.
It promotes safety by showcasing your commitment to operating with adequate insurance, potentially reducing accidents and associated costs.
By maintaining current COIs, you build a positive reputation as a reliable and compliant transporter, attracting more business opportunities.

How often should I update my COI?

You can update your COI whenever your policy changes (renewal, added/removed coverage, cancellation) or regulations/client requirements demand. Even if not mandated, yearly updates are good practice. Keep readily available copies and communicate changes promptly. Stay informed, stay compliant!

Is there a difference between a COI and an insurance policy?

Yes! A Certificate of Insurance is a proof of insurance that you can show others while your insurance policy is the full legal agreement with full details, which is usually confidential.