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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Additional Insured Updates You Need to Know
6 words that can change your insurance risk: Caused, in whole or in part Some things are bigger decisions than others – do I eat the whole donut or part of it? When it comes to additional insured endorsements, the stakes are much higher. As we move into 2018, there are changes to the additional […]
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Indemnification vs. Insurance
What is the difference between indemnification and insurance? They work best together but serve different purposes. Think of them like a belt and suspenders approach for keeping companies covered from losses. Understanding the unique function of each is important for any risk management strategy. In this article, we clear up the confusion by showing indemnification […]
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The Additional Insured Language in Your Contract May Matter More Than You Realize.
Did you know that case law shows there is a significant difference between a sentence requiring you to be listed as an additional insured on the certificate versus you being endorsed to the policy as an additional insured? For some, this may be a well known fact. But, for others that aren’t as familiar with […]
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Have You Ever Heard of a Subcontractor Cutting Corners in Insurance?
If your subcontractors are cutting corners on their insurance coverage, that could mean a world of hurt for your business. Sleep better, let myCOI software do the insurance tracking for you. You know from experience that, when it comes to insurance tracking for your subcontractors, there are many things to watch out for: Ensuring they […]
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The Trend Towards Sophisticated Risk Transfer Language in Construction
The construction industry is ripe with risk. As a general contractor it’s crucial to be clear about risk transfer among subcontractors and insurance carriers. The myCOI team can help. Learn more here! In recent years, construction contracts have become much more sophisticated with their wording and the way they specify risk transfer. (We share more […]
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Fraudulent Certificates: Are Your Vendors Creating Their Own?
It’s really not all that difficult to create fraudulent certificates. Does your compliance team know what to look for? Here are a few tips and how the myCOI team can help prevent costly litigation. Have you ever attempted to Google “Certificate of Insurance Templates”? The results might surprise you as there are many templates available […]
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