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.
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Rules for Insurance Non-Compliance: Winning at Risk Management
Frequent readers of this blog know myCOI is all about preventing risk through insurance compliance. But what happens when a tenant, vendor, contractor, or other third party falls out of compliance? Unfortunately, no risk mitigation program can perfectly prevent an entity from letting their insurance lapse, but it can react quickly and appropriately when contracted […]
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Important Steps for Managing Risk Using Your RFP
Whether a project is worth $10,000 or $10,000,000, your company probably is issuing some form of a request for proposal or RFP. Far too often risk management begins once a winning bid is selected, but in our opinion, this is too late. RFPs offer an excellent avenue for establishing risk mitigation as a project priority […]
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Blanket Endorsements: The ‘Am I Covered’ Checklist
Risk management keeping you up at night? Worrying about loss prevention can be a nightmare. Additional insured endorsements represent a great way for getting some much-needed sleep by keeping risk closest to the parties creating it. Insurers often establish coverage for additional insureds through blanket endorsements, but without some forethought, these may not be as […]
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It’s About Time: Making Risk Mitigation a Top Priority for Property Managers
A property manager’s work is never done. The everyday job list includes: These tasks easily could fill more than an eight-hour workday, yet a critical “to do” item is missing from the list – managing risk. While the best property managers focus on income-generating and cost-cutting tasks, failing to prioritize risk mitigation and commercial liability […]
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myCOI Celebrates 10 Years of Innovation and Growth
myCOI, a company specializing in technology for risk prevention, started in one of the riskiest times in US history. Roll back 10 years. The United States was in its worst economic crisis since the Great Depression. Many large corporations were barely treading water. The housing bubble burst. Countless small businesses closed their doors forever. The […]
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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 […]
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