Category: Insurance 101

The 5 Metrics Many Property Managers Aren’t Tracking (but Should be)

September 3, 2019

Property managers – are you getting the job done? If insurance compliance data did not inform the answer, your company may have a risky blind spot that could cost millions in time and money. No shortage of key performance metrics (KPMs) exist in business. The adage of “what gets measured gets managed” holds true. Property […]

Read More

Why Property Managers Need COIs From EVERY Company Working on the Property

May 8, 2019

For property managers managing multiple properties and projects, keeping all of the moving pieces in line can be difficult. One thing that should never slip through the cracks, however, are insurance certificates from tenants, vendors, suppliers and contractors. Insurance is fundamental to cover any claims or losses for which the tenant, vendor, supplier or contractor […]

Read More

What You Need To Be Tracking When You’re In An OCIP/CCIP

May 1, 2019

If you’re a construction developer, project owner, or general contractor, you’re familiar with the world of wrap ups. Owner Controlled Insurance Programs (OCIPs) and Contractor Controlled Insurance Programs (CCIPs) consolidate insurance coverage for contractors and subcontractors working on a job site into one blanket policy, purchased and controlled by the developer, project owner or general […]

Read More

The Must-Have Functionality That’s Missing From Your AMS

April 29, 2019

For agents and brokers, an Agency Management System (AMS) is a must-have. From general CRM functionality to policy management to claims tracking, AMS’s are great for day-to-day operations. In the modern insurance world, however, this ‘general’ or ‘baseline’ service will help your agency function, but it’s not going to give you the leading edge required […]

Read More

Tenant Onboarding: Best Practices to Ensure Compliance

April 11, 2019

For commercial property managers handling dozens or hundreds of commercial tenants at a time, facilitating a stress-free move-in can be difficult. There are so many things to sign off on before you hand over the keys! While there is no shortage of boxes to check off during tenant onboarding, one of the most critical is […]

Read More

Insurance and Cannabis: What You Need to Know

March 26, 2019

Once a novelty industry in a handful of states, the cannabis industry has experienced an incredible boom of growth over the last few years. Today, 29 states (plus the District of Columbia) have legalized medical marijuana and eight states plus D.C. permit the recreational use of marijuana substances. This growth, however, has not been without […]

Read More

Compliance Administrators: Are You Prepared To Pass Your Insurance Exam?

January 27, 2018

For those that are in compliance, the insurance world is a LOT to understand—and it’s changing constantly. If we were to ask you to take an insurance exam now that reviews all of the key terms and phrases, what they mean, and how they should be applied to your compliance tracking for contractors and third party […]

Read More

Additional Insured Updates You Need to Know

January 12, 2018

6 words that can change your insurance risk: Caused, in whole or in part Some things are bigger decisions than others – do I eat the whole donut or part of it? When it comes to additional insured endorsements, the stakes are much higher. As we move into 2018, there are changes to the additional […]

Read More

Indemnification vs. Insurance

October 11, 2017

What is the difference between indemnification and insurance? They work best together but serve different purposes. Think of them like a belt and suspenders approach for keeping companies covered from losses. Understanding the unique function of each is important for any risk management strategy. In this article, we clear up the confusion by showing indemnification […]

Read More