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Agents: Your Insureds Deserve Automated COI Tracking
If you are an insurance agent, then you know how busy your job gets. If you are one of many independent insurance agents, then your job is even more hectic because you don’t have the support of a nationally-known company. Insurance agency management systems can help you do your job more efficiently by automating routine tasks […]
Learn MoreThe Right Compliance Management Software is Crucial
Running a business today is challenging on its own. Dealing with the marketplace and competition is a job in itself. Add in the need for insurance and keeping up with all that entails is an additional undertaking that can quickly overwhelm. Companies must protect their physical location, vehicles, and employees all while guarding themselves against […]
Learn MoreHow to Ask Your Subcontractors for Certificates of Insurance
Insurance protects a company’s finances. Companies that are insured can operate more effectively if they don’t have to constantly worry about being sued because one of the people they hired caused a loss. Companies that hire vendors or subcontractors should make sure those third parties own insurance coverage. That can protect the third parties as […]
Learn MoreThe ABCs of Certificate of Insurance Compliance
Pretend you’re a new employee at either a property management or construction company, two types of businesses that hire third parties like vendors and contractors. You’re responsible for the company’s certificate of insurance compliance. However, you’ve been thrown into the job without proper training. You don’t know what a COI is or what to do […]
Learn MoreWhat to Check if You’re Not Sure if You’re the Certificate Holder
Business owners should invest the effort into purchasing appropriate liability insurance coverage. Having the right kind and amount of insurance can significantly reduce losses should they be sued for negligence. If they hire third parties, then they must confirm that those people own suitable policies. Proof of insurance is just as important as the coverage […]
Learn MoreHere’s What You Need to Know About Example COIs
A certificate of insurance (COI) confirms that an insured party possesses valid coverage. This proof reduces a company’s risk when they hire contractors or vendors. No company wants to be held liable in the event their contractors injure themselves or those around them. Needing third parties to be adequately covered is essential. A certificate of […]
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