Running a business today is challenging on its own. Dealing with the marketplace and competition is a job in itself. Add in the need for insurance and keeping up with all that entails is an additional undertaking that can quickly overwhelm. Companies must protect their physical location, vehicles, and employees all while guarding themselves against […]

Insurance protects a company’s finances. Companies that are insured can operate more effectively if they don’t have to constantly worry about being sued because one of the people they hired caused a loss. Companies that hire vendors or subcontractors should make sure those third parties own insurance coverage. That can protect the third parties as […]

Pretend you’re a new employee at either a property management or construction company, two types of businesses that hire third parties like vendors and contractors. You’re responsible for the company’s certificate of insurance compliance. However, you’ve been thrown into the job without proper training. You don’t know what a COI is or what to do […]

Business owners should invest the effort into purchasing appropriate liability insurance coverage. Having the right kind and amount of insurance can significantly reduce losses should they be sued for negligence. If they hire third parties, then they must confirm that those people own suitable policies. Proof of insurance is just as important as the coverage […]

A certificate of insurance (COI) confirms that an insured party possesses valid coverage. This proof reduces a company’s risk when they hire contractors or vendors. No company wants to be held liable in the event their contractors injure themselves or those around them. Needing third parties to be adequately covered is essential. A certificate of […]

A certificate of insurance (COI) establishes that an insured party has active coverage. This evidence lowers an employer’s risk when they hire contractors or vendors. If a third party hired by a company is not insured, then the company can be held liable in the event the third party injures themselves or those around them. […]

The freedom that comes with only answering to yourself and your customers can be worth the costs of running your own business. You can work when you want and live your dreams. Doing things your way can give you the results you demand. However, owning your business isn’t void of risk. Depending on your industry, […]

Businesses are responsible for proving their contractors and vendors are insured. A third party contracted by a company that causes personal or property damage can put their client at risk of costly litigation. In these troubling economic times, businesses can face bankruptcy if they are held accountable for any damage their third parties commit. A […]

There are many nuances involved with the running of a company. Every facet, from marketing to customer service, plays a part in a company’s continued success. Insurance compliance is occasionally overlooked but can prove to be just as valuable as brand awareness. Insurance compliance is the function companies can perform to make sure the contractors, […]

If you’re seeking liability insurance for your self-owned business or you’re an independent contractor, you might find yourself overwhelmed by all the different types of insurance. The multitude of information you have to deal with to become insured can make for difficult research. ACORD liability insurance is a popular topic for people who are in […]