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Why You Want a Certificate of Insurance Compliance App
Certificates of insurance (COI) are critical aspects of insurance tracking. COIs help confirm the insurance coverage of the named insured. The process necessitates a keen eye for details and insurance-specific expertise. Achieving accuracy can take time. Missing the mark can cost your company time and money. A certificate of insurance compliance app like myCOI can […]
Learn MoreUnderstanding an Insurer’s Duty to Defend and the Four-Corners Rule
An injury happens on your jobsite and a lawsuit gets filed against your company as the general contractor. As an additional insured, you seek coverage under your subcontractor’s policy. Are you covered when things head to court? Unfortunately, the answer is “maybe.” The first step for the insurance company is determining if they have a […]
Learn MoreAgents: 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 […]
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