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.
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10 Exposures Your Insureds Don’t Know They Are Facing
Your insureds trust you more than anyone. Get them the help they need. When it comes to ensuring your clients have the coverage they need, the policies you place for them are only one side of the equation. They also need to make sure they are requiring the right insurance coverages from the downstream parties […]
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Can I Issue My Own Certificate Of Insurance?
In the past, as businesses began to purchase insurance policies to protect themselves against potential losses, there was no good way of providing proof of coverage besides through the policy itself. As you may well know, insurance policies are complex and lengthy documents, and verifying coverage by scouring through them is a cumbersome and time-consuming […]
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What Is The Difference Between A Policy And A Certificate Of Insurance?
Policies and certificates of insurance (or COIs) are two fundamental concepts in the insurance world. In this blog, we’ll discuss the critical differences between the two, as well as a few best practices for dealing with them. What Is The Definition Of A Policy And Certificate Of Insurance? Let’s start with the basics by explaining […]
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What Must Be Included in a Certificate Of Insurance?
If your business wants to avoid expensive litigation and costly insurance claims, you’ll need to become familiar with certificates of insurance. A certificate of insurance, or COI for short, isn’t just any document. It’s a crucial element of keeping your company protected. If you hire subcontractors, work with vendors, or deal with any third parties […]
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Why Does a Company Need a Certificate of Insurance?
A certificate of insurance (COI) is a legal document that provides proof of someone’s insurance coverage. Typically, it’s provided by an insurance company or agency and is used to verify that a policyholder has the necessary coverage in place to manage risk and protect their assets, especially when it comes to their hired third parties. […]
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Alston Construction and myCOI
Alston cut the time they spend on COI review by 80% with myCOI. Alston Constructions operates out of 12 offices across the United States. At any given time, each Alston Construction office has 10 to 30 active projects with 25-30 subcontractors per project, and often larger projects managing 50-60 subcontractors. As the contract administrator/project administrator […]
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