Tag: risk, contractual risk transfer

What Is The Difference Between A Policy And A Certificate Of Insurance?

Policies and certificates of insurance (or COIs) are two fundamental concepts in the insurance world. In this blog, we’ll discuss the critical differences between the two, as well as a few best practices for dealing with them. What Is The Definition Of A Policy And Certificate Of Insurance?  Let’s start with the basics by explaining […]

Written by myCOI on May 12, 2023

What Is The Difference Between A Policy And A Certificate Of Insurance?

Policies and certificates of insurance (or COIs) are two fundamental concepts in the insurance world. In this blog, we’ll discuss the critical differences between the two, as well as a few best practices for dealing with them. What Is The Definition Of A Policy And Certificate Of Insurance?  Let’s start with the basics by explaining […]

Written by on May 12, 2023

10 Tips for Transferring Contractual Risk

Is your company gambling when it comes to risk? You might be on a winning streak, but sooner or later costly third-party injuries, damages, delays, or defects will happen. Contractual risk transfer provides a loss prevention strategy that places the financial burden for claims and litigation with the parties best able to prevent them – […]

Written by myCOI on April 21, 2020

10 Tips for Transferring Contractual Risk

Is your company gambling when it comes to risk? You might be on a winning streak, but sooner or later costly third-party injuries, damages, delays, or defects will happen. Contractual risk transfer provides a loss prevention strategy that places the financial burden for claims and litigation with the parties best able to prevent them – […]

Written by on April 21, 2020

Contract Best Practices for Transferring Risk Using Insurance Requirements

myCOI Team,  Per your advice, we have zeroed in on insurance compliance with our trade contractors and vendors as part of our new risk mitigation strategy. We review every Certificate of Insurance (COI) for the required coverages and keep all the signed contracts stored in the system. While our loss history is getting better, we […]

Written by myCOI on October 30, 2019

Contract Best Practices for Transferring Risk Using Insurance Requirements

myCOI Team,  Per your advice, we have zeroed in on insurance compliance with our trade contractors and vendors as part of our new risk mitigation strategy. We review every Certificate of Insurance (COI) for the required coverages and keep all the signed contracts stored in the system. While our loss history is getting better, we […]

Written by on October 30, 2019

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

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. […]

Written by myCOI on September 5, 2017

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

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. […]

Written by on September 5, 2017

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

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 […]

Written by myCOI on August 8, 2017

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

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 […]

Written by on August 8, 2017

Agents: Help Contractors Manage Insurance Risks

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 […]

Written by myCOI on June 20, 2017

Agents: Help Contractors Manage Insurance Risks

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 […]

Written by on June 20, 2017