Tag: risk

You Must Verify Insurance Compliance More Than Once a Year

Every January, the insurance compliance world goes through a massive shakeup because so many annual insurance policies renew on January 1st. That means a pile of work for insurance agents, who issue the policies; for insurance buyers, who pay for the policies; and for insurance compliance specialists, who have to make sure the new policies […]

Written by myCOI on January 18, 2024

You Must Verify Insurance Compliance More Than Once a Year

Every January, the insurance compliance world goes through a massive shakeup because so many annual insurance policies renew on January 1st. That means a pile of work for insurance agents, who issue the policies; for insurance buyers, who pay for the policies; and for insurance compliance specialists, who have to make sure the new policies […]

Written by on January 18, 2024

Contractor Proof of Insurance: Why It’s Important To Get It

To meet contractual obligations for a new job, industry-wide standards, and/or state requirements where they reside, contractors are typically expected to carry insurance policies to cover medical expenses, etc. in case of an accident. As the business hiring them, you’re not required to make sure that they are adequately protected—but you should. In our Certificate […]

Written by myCOI on January 6, 2024

Contractor Proof of Insurance: Why It’s Important To Get It

To meet contractual obligations for a new job, industry-wide standards, and/or state requirements where they reside, contractors are typically expected to carry insurance policies to cover medical expenses, etc. in case of an accident. As the business hiring them, you’re not required to make sure that they are adequately protected—but you should. In our Certificate […]

Written by on January 6, 2024

Commercial Insurance Certificate: Everything You Need To Know

Next up in our Certificate of Insurance 101 blog series, we delve into the world of commercial insurance certificates, an indispensable tool in the arsenal of any savvy business owner. Imagine navigating the complexities of business relationships without a safety net; that’s where the commercial insurance certificate comes into play. It’s not just paperwork; it’s […]

Written by myCOI on January 6, 2024

Commercial Insurance Certificate: Everything You Need To Know

Next up in our Certificate of Insurance 101 blog series, we delve into the world of commercial insurance certificates, an indispensable tool in the arsenal of any savvy business owner. Imagine navigating the complexities of business relationships without a safety net; that’s where the commercial insurance certificate comes into play. It’s not just paperwork; it’s […]

Written by on January 6, 2024

Subcontractor Insurance Requirements & Types of Insurance Needed

Risk is everywhere in construction—from physical objects that could hurt people or property to un- or underinsured subcontractors that threaten to bring costly claims and potential litigation your business’s way.  In this blog, we’re talking about the critical and heavily insurance-reliant industry of construction and specifically diving into subcontractor insurance requirements and verification. This includes […]

Written by myCOI on January 6, 2024

Subcontractor Insurance Requirements & Types of Insurance Needed

Risk is everywhere in construction—from physical objects that could hurt people or property to un- or underinsured subcontractors that threaten to bring costly claims and potential litigation your business’s way.  In this blog, we’re talking about the critical and heavily insurance-reliant industry of construction and specifically diving into subcontractor insurance requirements and verification. This includes […]

Written by on January 6, 2024

What Is An LLC Certificate of Insurance?

An LLC is a type of business structure that individuals establish in order to protect themselves from being held personally responsible for company liabilities. Essentially, they are treated by the IRS like a corporation, but they can operate like a partnership or sole proprietorship. Establishing an LLC comes with many benefits but is ultimately a […]

Written by myCOI on December 31, 2023

What Is An LLC Certificate of Insurance?

An LLC is a type of business structure that individuals establish in order to protect themselves from being held personally responsible for company liabilities. Essentially, they are treated by the IRS like a corporation, but they can operate like a partnership or sole proprietorship. Establishing an LLC comes with many benefits but is ultimately a […]

Written by on December 31, 2023

General Liability Certificate of Insurance

General liability is a popular and significant policy in the modern insurance landscape. It provides protection to businesses or individuals from third-party claims of bodily injury and property damage.  We’d like to believe our vendors when they say that they have a general liability policy in place—but blind trust is just not the way the […]

Written by myCOI on December 31, 2023

General Liability Certificate of Insurance

General liability is a popular and significant policy in the modern insurance landscape. It provides protection to businesses or individuals from third-party claims of bodily injury and property damage.  We’d like to believe our vendors when they say that they have a general liability policy in place—but blind trust is just not the way the […]

Written by on December 31, 2023

Building Certificate of Insurance

The world of building can be a dangerous one. From falls to falling items to faulty equipment and more, construction is an industry where accidents are highly likely to occur.  That’s where insurance—and the need for proof of it—comes in. In this article, we’re continuing through our Certificate of Insurance 101 blog series to provide […]

Written by myCOI on December 31, 2023

Building Certificate of Insurance

The world of building can be a dangerous one. From falls to falling items to faulty equipment and more, construction is an industry where accidents are highly likely to occur.  That’s where insurance—and the need for proof of it—comes in. In this article, we’re continuing through our Certificate of Insurance 101 blog series to provide […]

Written by on December 31, 2023

Broker Certificate of Insurance

In the insurance space, a broker is someone who works as an intermediary between insurance buyers (individuals or businesses in need of coverage) and insurance providers. Brokers help clients find insurance policies that best meet their needs and provide other services throughout the insurance process. They play a valuable role in helping people navigate the […]

Written by myCOI on December 16, 2023

Broker Certificate of Insurance

In the insurance space, a broker is someone who works as an intermediary between insurance buyers (individuals or businesses in need of coverage) and insurance providers. Brokers help clients find insurance policies that best meet their needs and provide other services throughout the insurance process. They play a valuable role in helping people navigate the […]

Written by on December 16, 2023

Certificate of Property Insurance

Carrying adequate property insurance is important for anyone who owns expensive property, whether that be in the form of a car, a house, or other assets. In the cases of fires, human accidents, burglary, or other damages, only insured property will be financially protected. That’s why personal and business insurance coverage is so important. In […]

Written by myCOI on December 8, 2023

Certificate of Property Insurance

Carrying adequate property insurance is important for anyone who owns expensive property, whether that be in the form of a car, a house, or other assets. In the cases of fires, human accidents, burglary, or other damages, only insured property will be financially protected. That’s why personal and business insurance coverage is so important. In […]

Written by on December 8, 2023

How To Verify Insurance Coverage In Business

Understanding how to verify insurance coverage in business is a fundamental part of risk management, compliance, and responsible business conduct. This essential process not only ensures that individuals and organizations are adequately protected but also that they meet necessary obligations, promoting financial security and confidence. The practice of verifying insurance coverage is crucial across various […]

Written by myCOI on December 1, 2023

How To Verify Insurance Coverage In Business

Understanding how to verify insurance coverage in business is a fundamental part of risk management, compliance, and responsible business conduct. This essential process not only ensures that individuals and organizations are adequately protected but also that they meet necessary obligations, promoting financial security and confidence. The practice of verifying insurance coverage is crucial across various […]

Written by on December 1, 2023