We know how demanding your job can be, and often times finding the time to review endorsements to ensure your vendor’s insurance agency has done their job appropriately can be yet another task that falls to the wayside. With so many other priorities on your plate, collecting and reviewing your vendor’s additional insured and waiver […]

You serve as an executive at a construction or heavy manufacturing firm. You rely on your insurance policies to protect the company and its employees. As for the subcontractors and other third parties working on the job, do you trust their policies to cover your company against property damage and bodily injury claims as well? […]

Posted: Jul 15, 2016 7:57 AM EDT; By Dan McGowan, Writer/Reporter SPEEDWAY – The Venture Club of Indiana has announced the winners of the pitch competition at this week’s Innovation Showcase at the Dallara IndyCar Factory in Speedway. The results were determined by a panel which judged three categories: University Track, Start-Up Track and Scale-Up […]

Risks are involved in every area of a business. As an executive, you are continually weighing the options and challenges of every decision. You know that firsthand and probably think about the potential risks your business could face on a daily basis. That’s why you and the rest of your executive team take extra precautions […]

You all know this, a certificate of insurance is only a snapshot of insurance coverage at that date and time. In order to minimize confusion of a COI to actual coverage, agents know to use the ACORD forms, never alter the language of the COI and not to represent coverages on the certificate that do […]

It denotes ownership on leases. It establishes liability on doctor forms. It validates checks. And it’s arguably the most important part of any contract or written agreement: your signature. Without it, documents are difficult—if not impossible—to dispute and enforce. And when it comes to certificates of insurance (COIs), an unsigned contract means no relationship has […]

No matter your industry, no matter your role, it’s rare to find someone who enjoys preparing for an audit—especially regarding the validity of certificates of insurance (COIs). And what ends up being the biggest crutch isn’t the sheer volume of certificates to locate and review, but rather that contracts aren’t compliant, have expired, are fraudulent, […]

The Client: Pepco Holdings, Inc. (PHI) Pepco Holdings, Inc. (PHI) is one of the largest energy delivery companies in the Mid-Atlantic, with roughly 2 million customers in Delaware, Maryland, New Jersey, and the District of Columbia. With four divisions (Pepco, Delmarva Power, Atlantic City Electric, and Pepco Energy Services), PHI specializes in energy delivery. While […]

It’s no secret: getting—and validating—certificates of insurance (COIs) can be a tedious process. And because of that, many people choose to check only expiration dates. However, without a review process that goes beyond expiration dates, you can’t guarantee contractual risk transfer. That means you could be in for a rude (read: expensive) awakening. Increased Risk […]

Additional insured endorsements come in all shapes and sizes. There are more than 1,000 forms that can each be submitted in place of the two most common additional insured documents (CG 20 10 11 85, CG 20 37 10 01). And in every case, the language in that form—and more importantly, the interpretation of that […]