Your organization likely has two teams—Risk Management and Operations—that both have goals and objectives to meet, but many times have very different perspectives on how to reach those goals. On one hand, the Risk Management Team likely isn’t as concerned about time, efficiency or even cost savings. Their main objective? Ensure that every individual across […]

Most organizations that utilize the services of third party vendors or subcontractors have to deal with contracts often. Those contracts are often in the form of written agreements, meaning that the term ‘Waiver of Subrogation’ is something most likely seen often. Does your organization use contracts for vendors or subcontractors? Does your compliance staff know […]

According to IRMI, the growth of mold and fungi claims have been exponential, with more than 10,000 mold claims currently pending in the United States, particularly in Florida, California, Texas, and Arizona. While mold and fungi aren’t things that we like to associate with businesses and they probably aren’t the first thing that come to […]

What happens if your organization has a certificate of insurance (COI) on file for all of your third party vendors and subcontractors, but you don’t have the contract? How can you be sure your organization is covered when it comes to proper coverage and compliance of all of your workers? Your compliance team may believe that having a […]

What happens if one of your third party vendors or subcontracts is deemed non-compliant after your team has reviewed the certificate of insurance and corresponding endorsements and coverage information? Should you withhold payment to that individual? How can you expedite the process to gain compliance as soon as possible to get that individual back on […]

Your compliance staff has a lot of pressure on their shoulders. Not only are they juggling multiple jobs and responsibilities, but they are on the front lines of checking for compliance for your many vendors and contractors. If something in the process goes wrong, they know a simple mistake or an overlooked item can end […]

For those tasked with ensuring compliance for third party workers that do business with your organization, you know firsthand how much of a pain it can be to work with contractors, vendors, and project managers. Afterall, they don’t want to worry about the paperwork and insurance documents when a job is waiting for them to […]

For agencies in today’s competitive market, especially the market for business-related insurance, there’s nothing more important than growing your client base and retaining your existing insureds to ensure they are thriving and successful. But it can be difficult to attract new clients on pricing alone without having to skimp on coverage or omit important add-ons […]

If your organization has faced a lawsuit due to an insurance issue, then you have felt the burden both financially and in every other way. A lawsuit or claim can take its toll in many different ways: taking up an incredible amount of time and resources; unsettled employees and executives; new processes meant to protect […]

As an executive or a leader in your organization, it’s up to you to ensure you provide a safe environment for your workers and that they have the proper compliance to minimize risk to all parties involved. There are many factors that can feed into risk, but compliance is a major aspect—if not the most […]