Memorandum of Insurance

SAIC and its subsidiaries take seriously our contractual obligations to comply with our customers' insurance requirements.

As a result, we maintain a wide range of insurance programs with comprehensive policy terms and conditions.

To simplify and enhance how we evidence insurance information to our customers, we are providing a link to our Memorandum of Insurance (MOI) from our insurance broker Marsh in lieu of manually issuing thousands of individual certificates of insurance. This MOI is available for viewing and downloading at any time for your convenience.

The MOI evidences our compliance with agreed-to insurance-related contract terms and conditions. In many cases, the MOI provides you with even more information than was previously provided on a standard Certificate of Insurance.


What is a Memorandum of Insurance?
A Memorandum of Insurance (MOI) provides online access to information about a company's insurance program, including: coverages maintained, policy numbers and effective dates, limits, and insurer identification.

Is an MOI evidence of insurance coverage?
Yes. An MOI is an acceptable method to evidence current insurance coverage information since it provides substantially all the same information as a certificate of insurance and perhaps for some certificate holders, even more information.

How does an MOI vary from a certificate of insurance?
An MOI does not show the certificate holder's name and is not signed by the insurance underwriter or broker. An MOI also does not contain the standard cancellation wording since an MOI is available online 24x7 (subject to website maintenance and when information is being updated at renewal dates or anytime there is a major change in policy coverage, term or insurance company), enabling verification at any time that the contractually required policies of insurance are in effect.

Can the MOI be printed?
Yes. The MOI may be printed and filed, just as you would file a certificate of insurance.

What are the key benefits of using an MOI?

  • It is available to view and print at any time (subject to website maintenance and when information is being updated).
  • Reduces the paperwork, phone calls, emails, and faxes involved in obtaining paper certificates directly from SAIC.
  • We are able to more efficiently provide you with additional information about our insurance program, such as a listing of policy endorsements granting Additional Insured status and granting waivers of subrogation where required by contract terms and conditions.

Why is SAIC now using the MOI to provide evidence of insurance?
Today's technology, particularly the Internet, provides us the opportunity to simplify and enhance how we evidence insurance information to our customers. After careful consideration and review, it was apparent that the use of our website and MOIs will increase the efficiency of our operations by eliminating the significant time and resources required to manually issue over 5,000 certificates of insurance a year to you, our valued customers.

Just as important, this change will also increase the efficiency of your operations by providing you with more timely and efficient insurance information that evidences our compliance with agreed to insurance-related contract terms and conditions.

Who can I contact if I have questions about the MOI?
Please contact your SAIC or SAIC Subsidiary Contract Representative directly.