As an insurance agent, you want what is best for your clients to protect them from incurring costly insurance lawsuits and litigations. Most agents know that if they fight for their clients’ best interests and make it known that their number one priority is the protection of insureds, that over time they will earn trust […]

As an executive at an organization that relies on contractors and vendors, there can be an overwhelming amount of terminology and lingo to keep track of. And on top of that, legislation and rulings can vary from state to state and seemingly small nuances can turn upside down into big legal messes. It’s important that […]

As an executive of an organization that works with contractors and third party vendors on a regular basis, there are many, many insurance terms that are important to understand. While some terms may seem similar, such as blanket and scheduled endorsements, a single word can mean an entirely different type of coverage—and could represent a […]

Recently, several members of the myCOI team attended the International Risk Management Institute (IRMI) Construction Risk Conference in Orlando, Florida. During their time at the conference, they were able to learn from experienced and respected industry leaders. The IRMI conference offered broad, unbiased education, an unparalleled networking experience, and access to key decision makers in […]

Certificate of insurance tracking is an often overlooked and not-so-glamorous role, but one that’s absolutely critical to your organization’s success and financial stability. It’s the job of a compliance administrator to collect and review every certificate of insurance (commonly called a COI) and all of the supporting documentation, such as endorsements. The job in and […]

As an executive at your organization, it’s up to you and your compliance team to keep a careful watch on your contractors and 3rd party vendors to ensure that they remain compliant throughout the entire job. If you were to participate in an audit of all of your contractors and vendors across all of your […]

How confident are you when it comes to knowing your insurance compliance percentage for certificates of insurance? If you’re like most COI administrators or compliance managers, you probably don’t even know where to find this information, let alone know it off the top of your head. Understanding all of the nuances of insurance coverage, financial […]

Not only are insurance compliance staff members usually tasked with multiple jobs and responsibilities on top of collecting and reviewing each and every certificate of insurance they receive, but on top of that, most are using an old-school manual process that simply doesn’t scale. Compliance staff at organizations of all sizes and across all industries […]

When you think about your certificate of insurance compliance review process, you probably think of the costs associated with the staff member who verifies each certificate and ensures each vendor or contractor is compliant. If they spend 15 minutes per 3rd party vendor or contractor, that’s more than ample time to properly verify each certificate […]

Believe it or not, our team understands how difficult and frustrating it can be to constantly be asking contractors for their certificates of insurance. And we also can relate to the frustration you experience when it seems that the certificate is never right the first time. In fact, it might even take 2-3 attempts (at […]