If your organization’s accounting team was off by $100 or $1,000 dollars in their ledger, wouldn’t the team work hard to try and find why the money was off? Doesn’t every dollar matter when it comes to ensuring your accounts are balanced? The same should be just as true for your compliance team that’s in […]

When it comes to business personal property and tenants’ improvements and betterments, the waters can be muddy as it relates to ownership interests. For property managers, though, understanding who is responsible for what can be a critical matter—especially if a claim is filed. In this post, we’ll explore the differences between business personal property and […]

As you know firsthand, every state has it’s own regulations as it relates to insurance and compliance, and it’s up to you to understand any specifics that may impact your state. One such topic is that of “Monopolistic” states, which relates to workers’ compensation and stop gap coverage. In this post, we’ll explain what it […]

For organizations where vendors may need to drive from location to location, it’s critical to ensure they have the right type of coverage in place to protect all involved. In many cases, vendors that have small fleets to large fleets will have a commercial auto policy in place, but for those that don’t, you must […]

For landlords, property managers, or companies that have multiple commercial tenants, another important aspect of ensuring proper insurance coverage pertains to serving and selling alcohol. Most food-based businesses that aren’t quick-serve or coffee-oriented will usually have a need to acquire a specific liquor license that goes above and beyond what a general liability (CGL) policy […]

An employee of a subcontractor accidentally gets injured on your jobsite. The subcontractor carries workers’ compensation insurance. So, is your company in the clear or do you have reason to worry? The answer might depend on the “Workers Compensation and Employers’ Liability” box of their certificate of insurance (COI). In this article, we’ll explore the […]

If your organization has gone through the process of thoroughly vetting subcontractors or 3rd party vendors for a job, then what’s the purpose of securing a Certificate of Insurance (COI) for each one of them? Afterall, those involved in the insurance process, whether an agent or the insured themselves, all seem to understand that a COI isn’t […]

As the contract manager of a company that works with other subcontractors or vendors, the insurance verification process can be incredibly daunting – especially when one minor mistake or an overlooked item can mean serious repercussions. In the following post, we’ll explore the following 3 key considerations: Importance of a signed contract Additional insured endorsements […]

When I started in this business in the early 90s, clients and I would often discuss additional insured requirements—specifically the fact that some companies charged for additional insureds while others didn’t. It was no easy task keeping it all straight. Luckily it’s simplified today. The overwhelming majority of construction companies and larger, more sophisticated insureds […]

Contractual Agreements and Their Impact on Additional Insured Endorsements If you’re a project owner, developer, or general contractor, you’re well versed in working with subcontractors. But are you as confident in navigating the challenges you could face when transferring your liability risks to others? In Lockton Companies’ three-page white paper “Constructing A Strong Contract,++” two […]