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. As the business hiring them, you’re not required to make sure that they are adequately protected—but you should. In our Certificate of Insurance 101 blog series, we’ve been exploring topics related […]

Next up in our Certificate of Insurance 101 blog series, we delve into the world of commercial insurance certificates, an indispensable tool in the arsenal of any savvy business owner. 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 […]

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 […]

General liability is a popular and significant policy in the modern insurance landscape. It provides protection to businesses or individuals from third-party claims of bodily injury and property damage.  We’d like to believe our vendors when they say that they have a general liability policy in place—but blind trust is just not the way the […]

The world of building can be a dangerous one. From falls to falling items to faulty equipment and more, construction is an industry where accidents are highly likely to occur.  That’s where insurance—and the need for proof of it—comes in. In this article, we’re continuing through our Certificate of Insurance 101 blog series to provide […]

In the insurance space, a broker is someone who works as an intermediary between insurance buyers (individuals or businesses in need of coverage) and insurance providers. Brokers help clients find insurance policies that best meet their needs and provide other services throughout the insurance process. They play a valuable role in helping people navigate the […]