Aren’t certificates of insurance supposed to help protect your organization and not hurt it? Yes! However, COIs could be putting you at risk if they’re the only documents your team is relying on to ensure compliance of your third party vendors and subcontractors. Unfortunately, many organizations believe that the COIs they receive are fully accurate […]

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 […]

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 […]

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 […]

Certificate of insurance tracking may not be the most glamorous role in your organization, but you can be sure that without taking the proper steps to ensure compliance, your organization may be at huge risk. Needless to say, it’s vital to ensure your process is tight and that you aren’t leaving gaps or turning a […]

It’s conventional wisdom: You’re named as an additional insured on a third-party policy. The policy lapses. You get a cancellation notice and follow up to ensure compliance. Right? Don’t be so sure. In a perfect system, notice of a policy cancellation would come in before (or shortly after) the actual cancellation date. You’d have sufficient […]

The economic upswing over the past few years has been a boon for everyone, and perhaps the construction industry most of all. As a bell-weather industry, construction is always out front of all other industries when it comes to feeling the effects of whatever the economy is trying to do. And right now, that’s growth. […]