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What is an Additional Insured and Why is Additional Insured Protection So Important?
With new legislation, court rulings, and insurance changes, keeping up with the world of compliance is anything but simple. As for picking risk management priorities, a topic stands out when it comes to keeping a company covered against loss events – additional insured endorsements. Get them right and a company benefits from an added layer […]
Learn MoreYour Subcontractors Provided Proof Of Insurance. But, Is Their Coverage Still In Place?
The business of insurance compliance is tricky. Depending on your industry, you may have anywhere from 10 to thousands of subcontractors and third party vendors performing work for your organization. And, while you want to trust that all of them keep their insurance in tip top shape and have ample coverage, this is, unfortunately, not […]
Learn MoreThe Construction Industry Prefers myCOI for Certificate Tracking
Construction isn’t as simple as some people might think. Contractors have to be hired. Materials must be delivered and assembled. Permits must be acquired and timelines followed. Anything can go wrong during a project. Equipment can malfunction. Weather can delay progress. On-site injuries can send projects spiraling beyond budgets and deadlines. A construction company has […]
Learn MoreWhat Exactly Is Waiver of Subrogation, Anyways?
Most organizations that utilize the services of third party vendors or subcontractors have to deal with contracts often. Those contracts are often in the form of written agreements, meaning that the term ‘Waiver of Subrogation’ is something most likely seen often. Does your organization use contracts for vendors or subcontractors? Does your compliance staff know […]
Learn MoreAccounting Ledgers Versus Insurance Ledgers: Why Every Dollar of Coverage Matters
If your organization’s accounting team was off by $100 or $1,000 dollars in their ledger, wouldn’t the team work hard to try and find why the money was off? Doesn’t every dollar matter when it comes to ensuring your accounts are balanced? The same should be just as true for your compliance team that’s in […]
Learn MoreIs Your Company Covered For Mold Exposure Today? If Not, What To Do About It.
According to IRMI, the growth of mold and fungi claims have been exponential, with more than 10,000 mold claims currently pending in the United States, particularly in Florida, California, Texas, and Arizona. While mold and fungi aren’t things that we like to associate with businesses and they probably aren’t the first thing that come to […]
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