Expert Insurance Knowledge
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What Is a COI in Contracting?
Contractors typically carry liability insurance to protect all parties from damage and on-site injuries if anything were to go wrong in the building process and to protect the parties hiring them from downstream risk. Many states legally require coverage as a prerequisite for contractors to get their business licenses. But how do contractors prove that […]
Learn MoreWhat Is a COI in Construction?
Certificates of insurance, also known as COIs, are important documents in the construction world. Contractors working in verticals with a high degree of risk, such as transportation, landscaping, and construction, need to know about COIs to ensure that they remain compliant and financially protected in the case of accidents. Follow along in our guide to […]
Learn MoreBeware: This Settlement From a Fake Certificate of Insurance Should Make You Think Twice
Here’s a real case study that should make every admin shiver just a little. Read what happens when inappropriate manual safeguards permit a fake certificate to slip through the cracks! Most in the business of insurance know that fake certificates of insurance are a real threat. Unfortunately, though, many aren’t aware of how common fake certificates may […]
Learn MoreInsurance Case Law Update: New Decisions Impacting Your 2020 Risk Management Strategy – Part I
Last year delivered several landmark decisions in the world of risk management. To keep you up to date, we’ve created a two-part series of important cases that could affect your risk mitigation plans. Loss prevention sometimes is a moving target. Knowing what is happening inside the courtroom provides a valuable strategy for staying ahead of changes […]
Learn MoreWhat Are COIs? A Guide To Certificates of Insurance
Any business that works with third-party vendors opens itself up to new risks that could expose them to costly claims and lawsuits. Tracking the details of contractors’ insurance coverage is a crucial element of any company’s risk management strategy. How can you ensure that your vendors and subcontractors are insured? What is a certificate of […]
Learn MoreHow Important Is a Certificate of Insurance?
As a small business owner in the construction industry or another field where work-related accidents are highly plausible, managing vendor relationships and ensuring adequate insurance coverage is crucial to protect your business from potential risks. One important piece of this process is obtaining and tracking certificates of insurance, or COIs, from all vendors and hired […]
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