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.
Transferring Risk: Understanding the Power of Insurance, Indemnification, and Additional Insured Endorsements
Insurance policies. Indemnity agreements. Additional insured endorsements. They all sound alike, so what’s the difference? Each works to protect companies from paying out-of-pocket costs for claims, losses, and litigation. They do that by transferring risk to another entity. Yet all three perform the job differently. Think of them like a belt-and-suspenders approach to risk management. They […]
Learn MoreCourts Side with Insurers in Denying Coverage for COVID-19 Business Interruptions
myCOI began reporting on cases working their way through the courts related to COVID-19 insurance coverage back in April. Since that time, hundreds of companies have filed lawsuits related to physical property loss of use. Now courts are issuing their verdicts and most favor insurance companies in denying coverage. In this article, we detail how […]
Learn More7 Strategies for Managing Insurance Renewals
We have some good news and some bad news. Let’s start with the bad: it has been a difficult year, which has created the hardest insurance market in over a decade. That means businesses and risk managers are feeling those negative effects when procuring and renewing insurance. Coverage is going down and rates are going […]
Learn MoreCommercial Trucking: Rough Road Ahead As Companies Navigate Insurance Cost Pressures
Commercial trucking is extremely important to the US economy and its citizens. In fact, if the $700 billion dollar trucking industry stopped, so would our country. Within 24 hours we would have hospitals without supplies, service stations without fuel, and no US mail and package delivery. After day one food shortages begin and assembly lines […]
Learn MoreCaptive Insurance: 7 Questions for Understanding What It Is and If It’s Right for Your Business
While commercial insurers struggle keeping up with the changing risk needs of companies, the captive insurance industry grows in popularity. Nearly all Fortune 500 companies and thousands of small and mid-sized businesses operate captive insurance companies instead of or in addition to holding traditional insurance. But what is a captive and is it right for […]
Learn MoremyCOI Gives Back to the Community
We recognize everyone is being affected by the COVID-19 pandemic, but some more than others. In natural myCOI fashion, we quickly united to offer employees, friends, and family members an outlet to make a difference while remaining safe and healthy. We created a GoFundMe campaign to raise funds to help our local community and those […]
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