What is an Insurance Certificate?
An insurance certificate (German: Versicherungsnachweis) is a document frequently required in procurement procedures to prove that a bidder has adequate insurance coverage for contract execution.
Legal Framework
- Section 122(2) No. 2 GWB: Economic and financial standing
- Section 45(1) No. 3 VgV: Proof of professional or business liability insurance
- Section 6a VOB/A EU: Suitability evidence for construction procurement
Commonly Required Insurance Types
| Insurance Type | Description | Typical Minimum Coverage |
|---|---|---|
| Business liability | Covers personal and property damage | EUR 1–5 million |
| Professional liability | For professional services | EUR 500,000–3 million |
| Environmental liability | Environmental damage | EUR 1–5 million |
Form of Evidence
Insurance certificates may be provided as insurance confirmation, policy copies, broker confirmation, or self-declarations with obligation to provide proof upon award.
How Patterno Helps
With Patterno, you can identify insurance requirements in tenders early. Our AI analyzes tender documents and lists all suitability requirements including minimum coverage amounts and submission deadlines.