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Knaub & Company, PC
Certified Public Accountants
78 Meadow Village Drive, Suite E
PO Box 161030, Big Sky, MT 59716
Phone: 406-995-6040
Fax: 406-993-2772
Email: knaubco@3rivers.net
Whether you’re insuring your business against liability or protecting your employees with a workers’ compensation policy, your insurance agent will provide a binder that can serve as your temporary proof of insurance before an insurance policy is issued.
While the binder acts as a temporary policy with an expiration date, it will not cover you once it lapses. Also, it does not guarantee that a policy will be issued. You’ll still have to go through the company’s underwriting process. So it’s always good to follow up with your insurance agent to ensure that the formal policy is issued. As with all critical business documents, be sure to get a complete copy of the policy for your files.
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