Category: Risk Management

Understanding Cyber Liability, Risk, and Your Insurance Policy

March 18, 2019

A majority of businesses working with third-party subcontractors, tenants, and vendors are well aware of the various risks and compliance issues facing them in today’s economic climate. Unfortunately, many organizations tend to fall short when it comes to cyber liability insurance protection. Contrary to popular belief, traditional insurance does not cover cyber liability. This means […]

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The Trend Towards Sophisticated Risk Transfer Language in Construction

September 26, 2017

The construction industry is ripe with risk. As a general contractor it’s crucial to be clear about risk transfer among subcontractors and insurance carriers. The myCOI team can help. Learn more here! In recent years, construction contracts have become much more sophisticated with their wording and the way they specify risk transfer. (We share more […]

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Connecting the Dots Between Contractual Risk Transfer, Insurance and Certificates of Insurance

September 5, 2017

A Guest Contribution from Christopher J. Boggs of Big I Virtual University Connecting The Dots Guest Blog.pngUnderstanding the relationship of contractual risk transfer to insurance and COIs takes a bit of concentration. The Executive Director of the Independent Insurance Agents and Brokers of America puts it all together. myCOI is thrilled to introduce Christopher J. […]

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How Can Your Organization Successfully Transfer Risk? Trust, But Verify!

August 8, 2017

A leading authority on transfer of risk emphasizes a two-prong attack: contractual obligation and verification of requried coverage. The professionals at myCOI have the tools to make sure all your bases are covered. Jessica Gray is a Principal + Owner of Parallel Risk Advisors, an insurance brokerage and advisory firm focusing exclusively on the Commercial […]

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Agents: Help Contractors Manage Insurance Risks

June 20, 2017

With origins dating back to 1918, Western Pacific Insurance Network, Inc is the premier specialty wholesale insurance broker in the Rocky Mountain Region. As Vice President of Marketing for Western Pacific Insurance Network, Eric Richter is a foremost authority on the importance of, and the challenges that come with, helping clients achieve and maintain world […]

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Risk Management Vs. Operations: How Do You Meet Both Teams’ Goals?

May 30, 2017

Your organization likely has two teams—Risk Management and Operations—that both have goals and objectives to meet, but many times have very different perspectives on how to reach those goals. On one hand, the Risk Management Team likely isn’t as concerned about time, efficiency or even cost savings. Their main objective? Ensure that every individual across […]

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Software Integrations Are Valuable For Mitigating Risk & Improving Efficiency

March 31, 2017

Anyone that sits in front of a computer all day or has multiple responsibilities for their role can tell you that mitigating risk and improving efficiency as it relates to internal processes and systems is absolutely crucial. Moving from one system to another throughout the day can bring errors and omissions and therefore, risk. As […]

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Fraudulent Certificates of Insurance Present Real Risks. Are You Prepared?

February 8, 2017

In the past, we’ve discussed the risks of fraudulent certificates of insurance and we’ve explained the potential pitfalls involved if each and every certificate of insurance and associated endorsements aren’t carefully reviewed.However, we haven’t demonstrated just how prevalent (and easy!) it can be to create a fake certificate of insurance. As a compliance administrator, you […]

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