Tag: Risk Management & Compliance Insights
Finding a Certificate of Insurance Online is a Risk The availability of insurance forms online should make a compliance admin’s job easier than ever. However, this isn’t always the case. Since the untrained and unaware can easily download forms and try to fill them out themselves, compliance admins might struggle with all of the fraudulent […]
Written by myCOI on May 11, 2022
Finding a Certificate of Insurance Online is a Risk The availability of insurance forms online should make a compliance admin’s job easier than ever. However, this isn’t always the case. Since the untrained and unaware can easily download forms and try to fill them out themselves, compliance admins might struggle with all of the fraudulent […]
Written by developer on May 11, 2022
A trend started in 2017 that has impacted every business. That year the insurance market quickly started to harden. The result was double-digit rate increases across nearly every insurance line. Projections show no signs of insurance costs going down anytime soon. If your business recently went through an annual renewal, you likely felt the pain […]
Written by myCOI on March 8, 2022
A trend started in 2017 that has impacted every business. That year the insurance market quickly started to harden. The result was double-digit rate increases across nearly every insurance line. Projections show no signs of insurance costs going down anytime soon. If your business recently went through an annual renewal, you likely felt the pain […]
Written by Kristen.Nunery@illumend.ai on March 8, 2022
In March 2020, as the pandemic took hold, we predicted an often-overlooked contract clause would become a hotly contested issue—and we were right. As coronavirus prompted government stay-at-home orders and establishments to close for safety concerns, businesses looked to their contracts for protection. They started with a commercial contract clause called “force majeure.” However, most […]
Written by myCOI on February 8, 2022
In March 2020, as the pandemic took hold, we predicted an often-overlooked contract clause would become a hotly contested issue—and we were right. As coronavirus prompted government stay-at-home orders and establishments to close for safety concerns, businesses looked to their contracts for protection. They started with a commercial contract clause called “force majeure.” However, most […]
Written by Kristen.Nunery@illumend.ai on February 8, 2022
When it comes to risk management, the myCOI team likes to consider ourselves pros. However, sometimes even the experts need…well…experts. The insurance industry constantly changes and good information is a must for keeping up. We surveyed our staff on their go-to resources for risk mitigation and insurance updates. Knowledge is worth nothing if not shared, […]
Written by myCOI on September 13, 2021
When it comes to risk management, the myCOI team likes to consider ourselves pros. However, sometimes even the experts need…well…experts. The insurance industry constantly changes and good information is a must for keeping up. We surveyed our staff on their go-to resources for risk mitigation and insurance updates. Knowledge is worth nothing if not shared, […]
Written by Kristen.Nunery@illumend.ai on September 13, 2021
INDIANAPOLIS (September 8, 2021) – myCOI, a certificate of insurance (COI) tracking and management solution, today announced it has secured $5 million in debt financing to fuel its continued growth as an industry leader in the COI tracking space. The funding comes from SaaS Capital, a leader in growth debt for B2B SaaS companies. “Since founding […]
Written by myCOI on September 8, 2021
INDIANAPOLIS (September 8, 2021) – myCOI, a certificate of insurance (COI) tracking and management solution, today announced it has secured $5 million in debt financing to fuel its continued growth as an industry leader in the COI tracking space. The funding comes from SaaS Capital, a leader in growth debt for B2B SaaS companies. “Since founding […]
Written by developer on September 8, 2021
When selecting an insurance carrier, what is most important? Coverages? Price? A trustworthy recommendation? While all valuable, one factor outweighs them all: the insurance provider’s rating. All insurers are not created equal. Ratings provide valuable information on an insurance company’s financial ability to cover its claims. Are your insurance providers making the grade? If not, […]
Written by myCOI on August 16, 2021
When selecting an insurance carrier, what is most important? Coverages? Price? A trustworthy recommendation? While all valuable, one factor outweighs them all: the insurance provider’s rating. All insurers are not created equal. Ratings provide valuable information on an insurance company’s financial ability to cover its claims. Are your insurance providers making the grade? If not, […]
Written by Kristen.Nunery@illumend.ai on August 16, 2021
The world of COIs, endorsements and insurance in general can be very confusing and complex – even to those who are living and breathing the documents and processes every day. Insurance regulations can change on a frequent basis and most compliance staff are left out of the loop on those important updates Does your compliance […]
Written by myCOI on August 4, 2021
The world of COIs, endorsements and insurance in general can be very confusing and complex – even to those who are living and breathing the documents and processes every day. Insurance regulations can change on a frequent basis and most compliance staff are left out of the loop on those important updates Does your compliance […]
Written by Kristen.Nunery@illumend.ai on August 4, 2021
Two terms that often confuse risk teams are “loss payee” and “additional insured.” While both can collect benefits from an insurance policy, they have different uses. In the real estate industry, too many landlords and property managers ask for loss payee status on a tenant’s general liability insurance policy when that does not best serve […]
Written by myCOI on July 7, 2021
Two terms that often confuse risk teams are “loss payee” and “additional insured.” While both can collect benefits from an insurance policy, they have different uses. In the real estate industry, too many landlords and property managers ask for loss payee status on a tenant’s general liability insurance policy when that does not best serve […]
Written by Kristen.Nunery@illumend.ai on July 7, 2021
Uninsured and negligent vendors and subcontractors can injure others or property when they are on a job. They carry risks that might expose their companies to costly claims and lawsuits. Accidents can happen amid the strictest of safety protocols. Companies can mitigate this risk by requiring their third parties to have sufficient insurance coverage. How […]
Written by myCOI on June 27, 2021
Uninsured and negligent vendors and subcontractors can injure others or property when they are on a job. They carry risks that might expose their companies to costly claims and lawsuits. Accidents can happen amid the strictest of safety protocols. Companies can mitigate this risk by requiring their third parties to have sufficient insurance coverage. How […]
Written by Kristen.Nunery@illumend.ai on June 27, 2021
A certificate of insurance for business is a crucial document that eases the worry of liability risk. Requiring a certificate of insurance for contractors and vendors is a wise decision that can influence a company’s fortunes. Companies of all sizes should take as many measures as possible to remain solvent. A certificate of liability insurance […]
Written by myCOI on June 27, 2021
A certificate of insurance for business is a crucial document that eases the worry of liability risk. Requiring a certificate of insurance for contractors and vendors is a wise decision that can influence a company’s fortunes. Companies of all sizes should take as many measures as possible to remain solvent. A certificate of liability insurance […]
Written by Kristen.Nunery@illumend.ai on June 27, 2021