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.
CGL Policy Gaps and Workers’ Compensation: Understanding the Impact to Additional Insureds
Unless you are a workers’ compensation claims expert, you might not know that a subcontractor’s injured employee generally cannot sue them, but can sue upstream parties. This leaves general contractors, property managers, and owners exposed. An additional insured endorsement on the subcontractor’s commercial general liability (CGL) policy helps minimize exposure. But does it eliminate that exposure completely? […]
Learn MoreA COI Template Will Only Take You So Far
Certificate of insurance management is a complex collection of processes and details. Collecting certificates of insurance for subcontractors can be the easy part. You have to be aware of the certificate of insurance requirements by state. You have to know what to look for on a certificate of insurance for business. If you manually track […]
Learn MorePut Away the Spreadsheets. It’s Time for COI Tracking Software.
Some companies still use spreadsheets to track the certificates of insurance (COIs) they receive from their vendors, contractors, and other third parties. Small companies that hire only a few third parties at a time might find that a COI tracking spreadsheet meets their needs. However, if these companies grow and hire more third parties, their […]
Learn MoreGeneral Contractors NEED Automated Certificate of Insurance Software
Large general contracting firms must deal with a substantial volume of certificates of insurance because they usually hire third parties. A certificate of insurance (COI) is proof that contractors own sufficient coverage, protecting the company that hired them from being held liable in the event of personal or property damage. COIs occasionally vary in complexity, […]
Learn MoreWhy You Want a Certificate of Insurance Compliance App
Certificates of insurance (COI) are critical aspects of insurance tracking. COIs help confirm the insurance coverage of the named insured. The process necessitates a keen eye for details and insurance-specific expertise. Achieving accuracy can take time. Missing the mark can cost your company time and money. A certificate of insurance compliance app like myCOI can […]
Learn MoreUnderstanding an Insurer’s Duty to Defend and the Four-Corners Rule
An injury happens on your jobsite and a lawsuit gets filed against your company as the general contractor. As an additional insured, you seek coverage under your subcontractor’s policy. Are you covered when things head to court? Unfortunately, the answer is “maybe.” The first step for the insurance company is determining if they have a […]
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