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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Do You Know Your High Risk Vendors? How Can You Protect Yourself?
Certificate of insurance tracking may not be the most glamorous role in your organization, but you can be sure that without taking the proper steps to ensure compliance, your organization may be at huge risk. Needless to say, it’s vital to ensure your process is tight and that you aren’t leaving gaps or turning a […]
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Hate Bugging Contractors For Certificates of Insurance? You’re Not Alone.
Believe it or not, our team understands how difficult and frustrating it can be to constantly be asking contractors for their certificates of insurance. And we also can relate to the frustration you experience when it seems that the certificate is never right the first time. In fact, it might even take 2-3 attempts (at […]
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A Bad COI Communication System Can Cost You More Than You Think
When it comes to certificate of insurance (COI) tracking and all of the processes that go along with ensuring compliance for subcontractors or 3rd party vendors, missing an important element can be detrimental to your company’s financial health and future. In addition, your compliance staff may be unintentionally wasting time by using various manual systems, […]
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Subrogation Waiver
The legal concept of subrogation means to substitute the rights, duties, and debts of an insurance claim to another party—specifically, the one at fault. While your insurance provider must, as part of your agreement with them, pay up for claims in the event of covered cases, there are times when another at-fault party’s insurance provider […]
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You’ll Never Reach 90% COI Compliance Without The Right Processes
Despite how good a company is at keeping up with certificate of insurance compliance, the goal of any company should always be to improve their compliance rates—along with the tracking processes. Since each compliant COI represents protection from significant risk, the financial security of your company depends on keeping the compliance rate as high as […]
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What Annoys You About Your Certificate of Insurance Tracking Procedures?
As a Certificate of Insurance (COI) administrator, you have your hands in a lot of different tasks, and it’s very likely that certificate tracking is just one of the many responsibilities that you have on your shoulders. At myCOI, we understand how much you’re tasked with: from collecting and reviewing certificates to checking endorsements for […]
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