Yes. Contractors or suppliers you work with should be prepared to show proof of insurance, just as you should be prepared to show your clients proof of insurance when requested. In order to make sure the companies or individual contractors you work with have proper coverage in place, you need to request to see a COI.
Here are a few important things to do when checking a contractor’s certificate of insurance:
Contact the listed agent/insurer on the COI for authentication.
Ensure coverage limits are adequate.
Confirm expiration and effective dates of coverage.
Make sure the individual business, contractor, or subcontractor name on the COI matches exactly to the company you are doing business with.
Keep a record of the time and date of any calls made, as well as a record of with whom you spoke.