In order to complete your TRUX account sign-up, we will need a Certificate of Insurance (COI) from your insurance agency. This is the final step before you are able to start using TRUX.
You must maintain a minimum insurance policy of $1 million CSL to take any jobs on the platform.
Some contractors require that you maintain a minimum insurance policy of $1 million in auto coverage, $1 million/$2 million general liability coverage, and a statutory worker’s compensation policy for their jobs.
We break this down as the following:
- Bronze Level- $1 million of Combined Single Limit.
- Silver Level - $1 million of General Liability and $1 million of Combined Single limit.
Below is an example COI:
Please have your COI sent to insurance@truxnow.com
Contact TRUX Support at support@truxnow.com or (800) 485-1304 with any questions!
Comments
2 comments
I am working with a number of clients that would like to use TRUX and have asked a number of them for a sample contract that they have entered into with TRUX..It seems that "all you need is a Certificate of Insurance" is what everyone focuses on when, really, the Certificate of Insurance MUST be reflective of coverage in place (not just limits) It seems none of our clients have a physical contract that we may present to underwriting for consideration. Carrier underwriters must understand contractual risk transfer before consideration can be given to providing coverage.
If you could provide a sample contract I would appreciate it.
Thanks You
Thanks!
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