AI-powered COI tracking isn’t the future; it’s the now. Companies that embrace it are setting themselves up for smarter, safer, and more efficient compliance management.

Once you’ve identified some of the potential risks that might arise in the future, you can take the necessary steps to implement targeted risk mitigation strategies.

The role of a COI Risk Manager in organizations is necessary, as they help guide and enforce strategies for managing COI risks.

House model with agent and customer discussing for contract to buy, get insurance or loan real estate or property.

In many cases, when lenders make loans secured by real estate, they’ll want to ensure that the borrower has property insurance and a sufficient level of it to pay off the loan in the case of damages.  These lenders rely on getting proper proof of coverage through documents called certificates of insurance (COIs) for a […]

Long ago, before the formation of the Association for Cooperative Operations Research and Development organization, or ACORD, there was little to no standardization in the insurance industry. Every insurer essentially created its own policy forms, causing confusion and differentiation in a sector that could sorely benefit from one “correct” way to do things. Thus, a […]

To meet contractual obligations for a new job, industry-wide standards, and/or state requirements where they reside, contractors are typically expected to carry insurance policies to cover medical expenses, etc. in case of an accident. As the business hiring them, you’re not required to make sure that they are adequately protected—but you should. In our Certificate […]

Imagine navigating the complexities of business relationships without a safety net; that’s where the commercial insurance certificate comes into play. It’s not just paperwork; it’s peace of mind.

Risk is everywhere in construction—from physical objects that could hurt people or property to un- or underinsured subcontractors that threaten to bring costly claims and potential litigation your business’s way.  In this blog, we’re talking about the critical and heavily insurance-reliant industry of construction and specifically diving into subcontractor insurance requirements and verification. This includes […]

An LLC is a type of business structure that individuals establish in order to protect themselves from being held personally responsible for company liabilities. Essentially, they are treated by the IRS like a corporation, but they can operate like a partnership or sole proprietorship. Establishing an LLC comes with many benefits but is ultimately a […]