Tag: Risk Management & Compliance Insights

Has Your Organization Been Hurt By Insurance Claims?

If your organization has faced a lawsuit due to an insurance issue, then you have felt the burden both financially and in every other way. A lawsuit or claim can take its toll in many different ways: taking up an incredible amount of time and resources; unsettled employees and executives; new processes meant to protect […]

Written by myCOI on February 17, 2017

Has Your Organization Been Hurt By Insurance Claims?

If your organization has faced a lawsuit due to an insurance issue, then you have felt the burden both financially and in every other way. A lawsuit or claim can take its toll in many different ways: taking up an incredible amount of time and resources; unsettled employees and executives; new processes meant to protect […]

Written by on February 17, 2017

How Would You Respond to Your Board When Asked About Insurance Compliance?

As an executive or a leader in your organization, it’s up to you to ensure you provide a safe environment for your workers and that they have the proper compliance to minimize risk to all parties involved. There are many factors that can feed into risk, but compliance is a major aspect—if not the most […]

Written by myCOI on February 10, 2017

Insurance Agents Can Provide Ultimate Protection For Their Insureds

As an insurance agent, you want what is best for your clients to protect them from incurring costly insurance lawsuits and litigations. Most agents know that if they fight for their clients’ best interests and make it known that their number one priority is the protection of insureds, that over time they will earn trust […]

Written by myCOI on February 6, 2017

Insurance Accidents Can Happen In Only One Days’ Time

Certificate of insurance tracking is an often overlooked and not-so-glamorous role, but one that’s absolutely critical to your organization’s success and financial stability. It’s the job of a compliance administrator to collect and review every certificate of insurance (commonly called a COI) and all of the supporting documentation, such as endorsements. The job in and […]

Written by myCOI on December 20, 2016

Insurance Accidents Can Happen In Only One Days’ Time

Certificate of insurance tracking is an often overlooked and not-so-glamorous role, but one that’s absolutely critical to your organization’s success and financial stability. It’s the job of a compliance administrator to collect and review every certificate of insurance (commonly called a COI) and all of the supporting documentation, such as endorsements. The job in and […]

Written by on December 20, 2016

Are Your Contractors Keeping The Coverage They Say They Have?

As an executive at your organization, it’s up to you and your compliance team to keep a careful watch on your contractors and 3rd party vendors to ensure that they remain compliant throughout the entire job. If you were to participate in an audit of all of your contractors and vendors across all of your […]

Written by myCOI on December 9, 2016

Are Your Contractors Keeping The Coverage They Say They Have?

As an executive at your organization, it’s up to you and your compliance team to keep a careful watch on your contractors and 3rd party vendors to ensure that they remain compliant throughout the entire job. If you were to participate in an audit of all of your contractors and vendors across all of your […]

Written by on December 9, 2016

How Insurance Agents Can Achieve Clients For Life

It’s every insurance agent’s dream to have clients for life and to know that what they offer is superior to what their insureds could find anywhere else. The world of insurance can be very difficult, as you know firsthand. Not only is it uber competitive, but insureds are constantly looking for a better value, better […]

Written by myCOI on November 29, 2016

How Insurance Agents Can Achieve Clients For Life

It’s every insurance agent’s dream to have clients for life and to know that what they offer is superior to what their insureds could find anywhere else. The world of insurance can be very difficult, as you know firsthand. Not only is it uber competitive, but insureds are constantly looking for a better value, better […]

Written by on November 29, 2016

Dominate Your Insurance Agency Earning Power

What happens if your agency can’t provide differentiated policies, lower costs, or better customer service? In today’s insurance world, your clients are less concerned about long-term relationships and more concerned with overall value and above and beyond services that help them build their own businesses. So how is it that your agency can stand out […]

Written by myCOI on November 22, 2016

Dominate Your Insurance Agency Earning Power

What happens if your agency can’t provide differentiated policies, lower costs, or better customer service? In today’s insurance world, your clients are less concerned about long-term relationships and more concerned with overall value and above and beyond services that help them build their own businesses. So how is it that your agency can stand out […]

Written by on November 22, 2016

Do You Know Your Certificate of Insurance Compliance %? You Should.

How confident are you when it comes to knowing your insurance compliance percentage for certificates of insurance? If you’re like most COI administrators or compliance managers, you probably don’t even know where to find this information, let alone know it off the top of your head. Understanding all of the nuances of insurance coverage, financial […]

Written by myCOI on November 15, 2016

Do You Know Your Certificate of Insurance Compliance %? You Should.

How confident are you when it comes to knowing your insurance compliance percentage for certificates of insurance? If you’re like most COI administrators or compliance managers, you probably don’t even know where to find this information, let alone know it off the top of your head. Understanding all of the nuances of insurance coverage, financial […]

Written by on November 15, 2016

Agencies and Brokers: Set Your Business Apart With Certificate of Insurance Software For Agencies

Is your agency looking for a way to differentiate services or add value to existing clients’ accounts in order to keep your retention rates high? Agencies that offer certificate of insurance tracking solutions for their insureds are finding a unique way to differentiate through the service-oriented approach. As your agency is well aware, managing certificates […]

Written by myCOI on November 4, 2016

Agencies and Brokers: Set Your Business Apart With Certificate of Insurance Software For Agencies

Is your agency looking for a way to differentiate services or add value to existing clients’ accounts in order to keep your retention rates high? Agencies that offer certificate of insurance tracking solutions for their insureds are finding a unique way to differentiate through the service-oriented approach. As your agency is well aware, managing certificates […]

Written by on November 4, 2016

Manually Tracking Certificates of Insurance Is More Expensive Than You Think

When you think about your certificate of insurance compliance review process, you probably think of the costs associated with the staff member who verifies each certificate and ensures each vendor or contractor is compliant. If they spend 15 minutes per 3rd party vendor or contractor, that’s more than ample time to properly verify each certificate […]

Written by myCOI on November 3, 2016