Expert Insurance Knowledge
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Behind on Certificate of Insurance Tracking? It’s Impacting Your Bottom Line.
Risks are involved in every area of a business. As an executive, you are continually weighing the options and challenges of every decision. You know that firsthand and probably think about the potential risks your business could face on a daily basis. That’s why you and the rest of your executive team take extra precautions […]
Learn MoreHow Insurance Agents Are Grabbing Massive Earning Potential
Let’s face it: insurance has become a cutthroat industry. And clients, unfortunately, have little loyalty to their agents. Successful agents are putting themselves at a competitive advantage by going beyond the policies and helping their clients boost compliance, save time, and improve internal processes. By offering unique services and adding incredible value these agents are […]
Learn MoreWhat would an audit of your certificates of insurance reveal?
You all know this, a certificate of insurance is only a snapshot of insurance coverage at that date and time. In order to minimize confusion of a COI to actual coverage, agents know to use the ACORD forms, never alter the language of the COI and not to represent coverages on the certificate that do […]
Learn MoremyCOI vs. Current Tracking Methods: Are You Using the Hammer or the Nail Gun?
“There’s a way to do it better – find it.” – Thomas Edison Think about your COI-tracking process. Is it tedious? Time consuming? Subject to human error? Maybe your process is manual, performed by an administrative professional with little-to-no insurance expertise. On a good day, it’s a warren of spreadsheets and binders and paper printouts. […]
Learn MoreWaiting for Cancellation Notices: Are You Putting Your Company at Risk?
It’s conventional wisdom: You’re named as an additional insured on a third-party policy. The policy lapses. You get a cancellation notice and follow up to ensure compliance. Right? Don’t be so sure. In a perfect system, notice of a policy cancellation would come in before (or shortly after) the actual cancellation date. You’d have sufficient […]
Learn MoreThe Importance of A Signed Contract
It denotes ownership on leases. It establishes liability on doctor forms. It validates checks. And it’s arguably the most important part of any contract or written agreement: your signature. Without it, documents are difficult—if not impossible—to dispute and enforce. And when it comes to certificates of insurance (COIs), an unsigned contract means no relationship has […]
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