Getting a Certificate of Currency

Obtaining a Certificate of Currency is usually a simple process but it starts with having an active insurance policy. 

Here’s how it typically works:

1. Contact Your Insurer or Broker: Reach out to your insurance broker or your insurer directly. Most insurers provide Certificates of Currency upon request, often at no extra cost.
   
   
2. Provide Necessary Details: You may need to confirm your policy number, the type of insurance and any specific details required (e.g., the name of a client or project).
   
   
3. Receive the Document: The insurer will issue the certificate, usually as a PDF, which you can share via email or print as needed. Some insurers offer online portals where you can download it instantly.
   
   
4. Check the Details: Always review the certificate to ensure the information is correct, including the coverage period, insured party and policy limits.

Things to Keep in Mind

Before you request a Certificate of Currency, here are a few tips to ensure everything goes smoothly:

• Check the Expiry Date: Certificates are only valid for the coverage period listed, so make sure your policy is active when you present it.
  
  
• Understand Your Policy: The certificate reflects your policy’s terms. That’s why you need to confirm with your broker that your coverage meets the requirements of the party requesting it.
  
  
• Keep It Accessible: Save a digital copy of your certificate for quick access as you may need to provide it multiple times during a project or contract.
  
  
• Stay Compliant: In Australia, certain types of insurance, such as Workers’ Compensation, are mandatory. Failing to provide proof of coverage could lead to penalties. 

Here at Tank Insurance, we can make the process even easier by handling the request on your behalf, ensuring you get the document quickly and accurately. 

Drop us a line today and let’s discuss your Certificate of Currency!