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.
Captive 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 […]
Learn MoreGeneral Aggregate Limits: A Potential Insurance Risk Hiding in Plain Sight
In the process of hiring a new vendor, you review their certificate of insurance (COI) to make sure your company is covered against a potential loss: The Commercial General Liability (CGL) policy is active and coverage amounts are ample for the project’s value. The vendor has workers’ compensation insurance. The COI cites your company as […]
Learn MoreDressed for Success: The Bowtie Method for Managing Business Risk
When attending a big event, you want to dress the part. The same rule applies to risk management. Organizations well prepared for combatting loss events have their “risk bowtie” ready to go. The bowtie method provides a model for thinking about potential risks and their impact on a company. The diagram helps businesses prioritize likely […]
Learn MoreHow Does Causation-Trigger Language Affect Coverage for Additional Insureds?
Companies entering a work contract place the burden of risk closest to the party best able to prevent a loss. In the construction industry, a general contractor would transfer liability to subcontractors in two key ways: 1) indemnification language in the contract and 2) requiring that they be added as an “additional insured” on the […]
Learn MorePremiums on the Rise: How to Ensure Protection From Uninsured Third Party Claims
Auto insurers made headlines last month issuing more than $10 billion in premium refunds and discounts due to the coronavirus pandemic. The bad news is that not everyone is getting money back when it comes to their other insurance plans. In fact, most policy holders can expect to pay higher premiums for reduced coverages at […]
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