Category: Insurance 101

ACORD Insurance Certificate

June 12, 2023

If you’re running a business today, there are many steps you need to take to ensure its protection. Too many cases exist where, if not properly safeguarded with coverage such as liability insurance, your business could be struck with claims or held responsible for damages even when not the at-fault party. If you’re new around […]

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myCOI CEO Kristen Nunery Named to 2021 IBJ Forty Under Forty List

June 4, 2023

INDIANAPOLIS (June 4, 2021) — The Indianapolis Business Journal (IBJ) today named myCOI CEO Kristen Nunery to their 2021 Forty Under Forty list. The list recognizes 40 central Indiana business and professional leaders who have achieved a level of success that is rare at a young age, according to a panel of judges. The IBJ also considers examples of civic […]

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What Is an Insurance Certificate for a Business?

June 1, 2023

An insurance certificate, also commonly referred to as a certificate of insurance or COI, is a document that summarizes the primary points of a policyholder’s insurance coverage.  COIs serve as evidence of coverage—they’re validation that a policy exists and is fulfilling the correct coverage requirements as laid out by a hiring party. Because they are […]

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What Does COI Mean in Contracting?

May 22, 2023

Let’s say you work at a construction company and are in charge of hiring contractors to help complete work on a job. When searching the marketplace for contracting talent, there’s a lot to keep in mind, from years of experience to positive reviews. One factor to make sure you don’t forget about any time soon? […]

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What Is A Certificate Of Insurance (COI) For?

May 22, 2023

Businesses generally aim to mitigate their liability risk as much as possible. One important way that you can do this is by requiring that any contractors, service providers, or other vendors you work with provide you with a COI to ensure that your project is adequately covered in the case of any accidents or losses.  […]

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When Should I Ask For a COI?

May 22, 2023

A COI, also known as a certificate of insurance, serves to verify the existence of an insurance policy by summarizing the key details of the policy. They typically include details such as the kind of coverage the policy is providing, who the policy is covering, and how long those protections will be in place for. […]

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What Is The Difference Between A Policy And A Certificate Of Insurance?

May 12, 2023

Policies and certificates of insurance (or COIs) are two fundamental concepts in the insurance world. In this blog, we’ll discuss the critical differences between the two, as well as a few best practices for dealing with them. What Is The Definition Of A Policy And Certificate Of Insurance?  Let’s start with the basics by explaining […]

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What Must Be Included in a Certificate Of Insurance?

May 12, 2023

If your business wants to avoid expensive litigation and costly insurance claims, you’ll need to become familiar with certificates of insurance.  A certificate of insurance, or COI for short, isn’t just any document. It’s a crucial element of keeping your company protected.  If you hire subcontractors, work with vendors, or deal with any third parties […]

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The Basics: Waiver of Subrogation

February 13, 2023

What is Subrogation? Subrogation is an important concept in the world of insurance that allows insurance companies to seek reimbursement from a third party who may be responsible for causing damage or losses to an insured party. In short, it allows the insurance company to “step into the shoes” of the insured and pursue legal […]

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