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.
Contract Best Practices for Transferring Risk Using Insurance Requirements
myCOI Team, Per your advice, we have zeroed in on insurance compliance with our trade contractors and vendors as part of our new risk mitigation strategy. We review every Certificate of Insurance (COI) for the required coverages and keep all the signed contracts stored in the system. While our loss history is getting better, we […]
Learn MoreFive Frontline Employee Solutions for Risk Management Problems
We’ve all heard the saying, “If you aren’t part of the solution, you’re part of the problem.” This phrase seems truest in the world of risk management and insurance compliance where all work centers on preventing and combating trouble. Even in a field designed to handle bad news, everyone hates sending an email with the […]
Learn MoreThe Billion-Dollar Spark: Protecting Your Business in the Gas and Energy Industry
In 2018 a power line touched nearby trees igniting a fire across Northern California. The now famous Camp Fire resulted in damages exceeding $7 billion. The power line at fault belonged to utility company Pacific Gas and Electric (PG&E), which now is responsible for paying $1 billion in damages and declaring bankruptcy – all caused […]
Learn MoreCreate a Unique Agency Sales Strategy with myCOI
Are you stressing out about the competition? With more than 1.1 million agents, brokers and service employees (Statista) and $1.2 trillion in premiums up for grabs in the U.S. (Insurance Information Institute), insurance is more competitive than ever. Client turnover represents a growing challenge in an industry once driven by long-term customer relationships, now disrupted […]
Learn MoreManaging Construction Risk for Better Odds of Project Success
Lots of things can ruin a construction project. Financing, cost overruns, Mother Nature, material defects, permits, and the list goes on. Of everything that takes down a good project, insurance compliance shouldn’t be one of them. However, 74% of organizations inconsistently use risk management practices in project management (PMI). On a construction site, that risk […]
Learn MoreFriend or Foe: Understanding Follow-Form Endorsements
Follow-form endorsement quiz: A company purchases umbrella and excess insurance policies for liability coverage in addition to its primary policy. A claim exceeds the limits of the primary policy but falls within the coverage threshold of the additional policies. Is the company free from out-of-pocket costs? If you answered “not necessarily,” you get an A. […]
Learn More