Certificate of Self-Insurance

A Certificate of Self-Insurance is a document that allows an individual or a business to prove they can financially cover their own risks instead of purchasing traditional insurance from a provider. This certificate indicates that the entity has sufficient assets or funds set aside to handle potential claims or losses. It is often required for businesses that meet certain criteria, allowing them to demonstrate their financial responsibility for liabilities, such as employee injuries or property damage, without needing to pay premiums to an insurance company.