Expert Insurance Knowledge
myCOI is committed to providing you with the educational content necessary to better manage risk for your business. Check out our blog, case studies, and ebooks for valuable insight into industry trends and best practices.
What Is an Insurance Certificate for a Business?
An insurance certificate, also commonly referred to as a certificate of insurance or COI, is a document that summarizes the primary points of a policyholder’s insurance coverage. COIs serve as evidence of coverage—they’re validation that a policy exists and is fulfilling the correct coverage requirements as laid out by a hiring party. Because they are […]
Learn MoreWhy Do Companies Require a Business Certificate of Insurance?
Before you begin working with a contractor or other third party, it’s important to make sure that they’re not bringing any extra financial risk to your business. Of course, every new third party that you employ creates a new layer of risk for your company – unless they’re properly insured. Therefore, it’s a common business practice […]
Learn MoreWhat Does COI Mean in Contracting?
Let’s say you work at a construction company and are in charge of hiring contractors to help complete work on a job. When searching the marketplace for contracting talent, there’s a lot to keep in mind, from years of experience to positive reviews. One factor to make sure you don’t forget about any time soon? […]
Learn MoreHow Do I Generate a Certificate of Insurance?
If you’re unsure about the process of generating a certificate of insurance in order to verify your insurance coverage or want to learn more about how third parties that you work with go about generating certificates, you’ve come to the right place. A certificate of insurance, more commonly referred to as a COI, is a […]
Learn MoreWhat Is A Certificate Of Insurance (COI) For?
Businesses generally aim to mitigate their liability risk as much as possible. One important way that you can do this is by requiring that any contractors, service providers, or other vendors you work with provide you with a COI to ensure that your project is adequately covered in the case of any accidents or losses. […]
Learn MoreWhen Should I Ask For a COI?
A COI, also known as a certificate of insurance, serves to verify the existence of an insurance policy by summarizing the key details of the policy. They typically include details such as the kind of coverage the policy is providing, who the policy is covering, and how long those protections will be in place for. […]
Learn More