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What 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 […]
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Here’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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myCOI is a Value-Add to Your Insurance Agency Management Tools
Your insurance agency can benefit by changing the way it works. If you’re still doing anything manually, then you could be wasting time and money. Insurance agency management tools can automate and simplify all the tasks you’ve been doing by hand. Work takes time. Agency management systems for insurance can reduce those hours to minutes, freeing […]
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When You Need a Sample COI, Think ACORD
A certificate of insurance (COI) establishes that an insured party has active coverage. This evidence lowers an employer’s risk when they hire contractors or vendors. If a third party hired by a company is not insured, then the company can be held liable in the event the third party injures themselves or those around them. […]
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When You’re Your Own Business, Is Personal Liability Insurance Enough?
The freedom that comes with only answering to yourself and your customers can be worth the costs of running your own business. You can work when you want and live your dreams. Doing things your way can give you the results you demand. However, owning your business isn’t void of risk. Depending on your industry, […]
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Here’s What You Need to Know About COIs
Businesses are responsible for proving their contractors and vendors are insured. A third party contracted by a company that causes personal or property damage can put their client at risk of costly litigation. In these troubling economic times, businesses can face bankruptcy if they are held accountable for any damage their third parties commit. A […]
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