Expert Insurance Knowledge
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Ensuring You Have a Contract in Place is a Start… But Does it Reflect Adequate Language?
As the contract manager of a company that works with other subcontractors or vendors, the insurance verification process can be incredibly daunting – especially when one minor mistake or an overlooked item can mean serious repercussions. In the following post, we’ll explore the following 3 key considerations: Importance of a signed contract Additional insured endorsements […]
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There can be Big Differences Between a Certificate Holder & an Additional Insured
You serve as an executive at a construction or heavy manufacturing firm. You rely on your insurance policies to protect the company and its employees. As for the subcontractors and other third parties working on the job, do you trust their policies to cover your company against property damage and bodily injury claims as well? […]
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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 […]
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How 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 […]
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What 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 […]
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myCOI 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. […]
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