Category: COI Tracking Best Practices

You Must Verify Insurance Compliance More Than Once a Year

January 18, 2024

Every January, the insurance compliance world goes through a massive shakeup because so many annual insurance policies renew on January 1st. That means a pile of work for insurance agents, who issue the policies; for insurance buyers, who pay for the policies; and for insurance compliance specialists, who have to make sure the new policies […]

Read More

How Do I Get a Certificate of Insurance in the USA?

August 21, 2023

Certificates of insurance (COIs) are official insurance documents that provide proof of someone’s coverage. They’re used in business dealings all across America and beyond—and are a hugely important piece of a business strategy for those trying to mitigate risk and unnecessary litigation. In this blog, we’ll cover answers to common certificate of insurance services questions […]

Read More

What Are COIs? A Guide To Certificates of Insurance

June 16, 2023

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 […]

Read More

How Much Does a COI Cost in the USA?

June 1, 2023

Any business with an insurance policy, such as general liability insurance or workers’ compensation insurance, has the right as a policyholder to request and receive a COI corresponding to their coverage. A COI, meaning a certificate of insurance, is a very important piece of paper in the business world. It’s essentially a document that validates […]

Read More

How Do I Generate a Certificate of Insurance?

May 22, 2023

If you’re unsure about the process of generating a certificate of insurance in order to verify your insurance coverage or want to learn more about how third parties that you work with go about generating certificates, you’ve come to the right place. A certificate of insurance, more commonly referred to as a COI, is a […]

Read More

Can I Issue My Own Certificate Of Insurance?

May 12, 2023

In the past, as businesses began to purchase insurance policies to protect themselves against potential losses, there was no good way of providing proof of coverage besides through the policy itself. As you may well know, insurance policies are complex and lengthy documents, and verifying coverage by scouring through them is a cumbersome and time-consuming […]

Read More

How Do You Name An Additional Insured On An Insurance Policy?

May 5, 2023

The difference between an “insured,” or the person who purchases coverage from an insurer, and an “additional insured,” or a third party added to a policy, can be a little confusing to understand. To help, here are some truths about additional insureds: Additionally, a “certificate holder” is a person or organization that holds the certificate of […]

Read More

How Do You Show Additional Insurance on COI?

May 5, 2023

While running a business with liability insurance, you’re going to be asked to add an additional insured endorsement to your current policy by one of your clients or by a hiring company. Once you go through the steps to add an additional insured to your policy, if you decide to, proving you’ve done so is […]

Read More

myCOI Selected as Nominee for 2022 TechPoint Mira Awards Honoring ‘The Best of Tech in Indiana’

February 16, 2023

Following two years of virtual events, award winners will be announced during an in-person gala at the JW Marriott on Saturday, April 23, 2022 INDIANAPOLIS (February 16, 2022) — TechPoint, the nonprofit, industry-led growth initiative for Indiana’s technology ecosystem, today announced the nominees for its 23rd annual Mira Awards program presented by Salesforce. The Mira Awards are the […]

Read More

1099 Contractors – They Need Certificates of Insurance

December 6, 2022

One of the best ways to mitigate risk is to routinely request, obtain, verify, and monitor contractor proof of insurance (certificates of insurance) from independent contractors providing services for you, such as janitorial, maintenance, or building contractors, in order to verify that they are insured against their liabilities and/or workers’ compensation. Workers’ comp is wildly […]

Read More