Expert Insurance Knowledge
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How Much Time Do You Waste Using Different Insurance Tracking Systems?
If you’re still manually tracking Certificates of Insurance (COIs) and endorsements for every single subcontractor or 3rd party vendor, then you know better than anyone else what a task that can be, especially since the cycle never ends. With so many systems that you need to use for insurance tracking, do you ever wish the […]
Learn MoreTip# 1 – The “INSURED” Box
Where do I start? So you’ve gone through the process of obtaining Certificates of Insurance from all your subcontractors/vendors/franchisees/tenants. What’s next? You want to review them, right? You’re probably thinking ‘Where do I start’? Start at the beginning! Let’s take a look at one of the very first boxes at the top of an ACORD […]
Learn MoreWhat Can Go Wrong if Your Organization Doesn’t Capture COIs?
In one of our latest posts entitled, “Why Bother Getting a COI For Each New Subcontractor or 3rd Party Contract?” we discuss why it’s important to secure a Certificate of Insurance (COI) for each vendor that does work for your organization. The post explains that COIs are designed to prove status of insurance including items […]
Learn MoreWhy Bother Getting a COI For Each New Subcontractor or 3rd Party Contract?
If your organization has gone through the process of thoroughly vetting subcontractors or 3rd party vendors for a job, then what’s the purpose of securing a Certificate of Insurance (COI) for each one of them? Afterall, those involved in the insurance process, whether an agent or the insured themselves, all seem to understand that a COI isn’t […]
Learn More3 Considerations For Additional Insured Endorsements
We’ve discussed additional insured status in several of our previous posts because it’s an important topic for those that are contracting out services, using vendors, leasing to tenants, and so on. If additional insureds are listed incorrectly or are left off of the endorsements altogether, the consequences can be very severe and will not hold […]
Learn MoreKey Items to Look For When Collecting & Reviewing Endorsements
As we discussed in a previous post, it’s incredibly important to collect and review additional insured and waiver of subrogation endorsements to ensure your vendor is properly covered and has the right documentation in place. It’s equally important to understand that reviewing the COI simply isn’t enough as often times it’s impossible to understand if […]
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