Tag: Risk Management & Compliance Insights

myCOI Named to 2021 Top Workplaces List by The Indianapolis Star

INDIANAPOLIS (June 9, 2021) — myCOI, the Indianapolis-based industry leader in certificate of insurance management software, is proud to announce it is among the top places to work in Indiana. The Indianapolis Star announced the winners of its 2021 Top Workplaces of Central Indiana award, as judged by employee surveys administered by Energage. According to the Top Workplaces, fewer […]

Written by myCOI on June 9, 2021

myCOI Named to 2021 Top Workplaces List by The Indianapolis Star

INDIANAPOLIS (June 9, 2021) — myCOI, the Indianapolis-based industry leader in certificate of insurance management software, is proud to announce it is among the top places to work in Indiana. The Indianapolis Star announced the winners of its 2021 Top Workplaces of Central Indiana award, as judged by employee surveys administered by Energage. According to the Top Workplaces, fewer […]

Written by on June 9, 2021

Understanding an Insurer’s Duty to Defend and the Four-Corners Rule

An injury happens on your jobsite and a lawsuit gets filed against your company as the general contractor. As an additional insured, you seek coverage under your subcontractor’s policy. Are you covered when things head to court? Unfortunately, the answer is “maybe.”   The first step for the insurance company is determining if they have a […]

Written by myCOI on May 5, 2021

Understanding an Insurer’s Duty to Defend and the Four-Corners Rule

An injury happens on your jobsite and a lawsuit gets filed against your company as the general contractor. As an additional insured, you seek coverage under your subcontractor’s policy. Are you covered when things head to court? Unfortunately, the answer is “maybe.”   The first step for the insurance company is determining if they have a […]

Written by on May 5, 2021

Agents: Your Insureds Deserve Automated COI Tracking

If you are an insurance agent, then you know how busy your job gets. If you are one of many independent insurance agents, then your job is even more hectic because you don’t have the support of a nationally-known company. Insurance agency management systems can help you do your job more efficiently by automating routine tasks […]

Written by myCOI on March 29, 2021

Agents: Your Insureds Deserve Automated COI Tracking

If you are an insurance agent, then you know how busy your job gets. If you are one of many independent insurance agents, then your job is even more hectic because you don’t have the support of a nationally-known company. Insurance agency management systems can help you do your job more efficiently by automating routine tasks […]

Written by on March 29, 2021

The Right Compliance Management Software is Crucial

Running a business today is challenging on its own. Dealing with the marketplace and competition is a job in itself. Add in the need for insurance and keeping up with all that entails is an additional undertaking that can quickly overwhelm. Companies must protect their physical location, vehicles, and employees all while guarding themselves against […]

Written by myCOI on March 22, 2021

The Right Compliance Management Software is Crucial

Running a business today is challenging on its own. Dealing with the marketplace and competition is a job in itself. Add in the need for insurance and keeping up with all that entails is an additional undertaking that can quickly overwhelm. Companies must protect their physical location, vehicles, and employees all while guarding themselves against […]

Written by on March 22, 2021

How to Ask Your Subcontractors for Certificates of Insurance

Insurance protects a company’s finances. Companies that are insured can operate more effectively if they don’t have to constantly worry about being sued because one of the people they hired caused a loss. Companies that hire vendors or subcontractors should make sure those third parties own insurance coverage. That can protect the third parties as […]

Written by myCOI on March 22, 2021

How to Ask Your Subcontractors for Certificates of Insurance

Insurance protects a company’s finances. Companies that are insured can operate more effectively if they don’t have to constantly worry about being sued because one of the people they hired caused a loss. Companies that hire vendors or subcontractors should make sure those third parties own insurance coverage. That can protect the third parties as […]

Written by on March 22, 2021

What to Check if You’re Not Sure if You’re the Certificate Holder

Business owners should invest the effort into purchasing appropriate liability insurance coverage. Having the right kind and amount of insurance can significantly reduce losses should they be sued for negligence. If they hire third parties, then they must confirm that those people own suitable policies. Proof of insurance is just as important as the coverage […]

Written by myCOI on March 22, 2021

What to Check if You’re Not Sure if You’re the Certificate Holder

Business owners should invest the effort into purchasing appropriate liability insurance coverage. Having the right kind and amount of insurance can significantly reduce losses should they be sued for negligence. If they hire third parties, then they must confirm that those people own suitable policies. Proof of insurance is just as important as the coverage […]

Written by on March 22, 2021

Here’s What You Need to Know About Example COIs

A certificate of insurance (COI) confirms that an insured party possesses valid coverage. This proof reduces a company’s risk when they hire contractors or vendors. No company wants to be held liable in the event their contractors injure themselves or those around them. Needing third parties to be adequately covered is essential. A certificate of […]

Written by myCOI on March 22, 2021

Here’s What You Need to Know About Example COIs

A certificate of insurance (COI) confirms that an insured party possesses valid coverage. This proof reduces a company’s risk when they hire contractors or vendors. No company wants to be held liable in the event their contractors injure themselves or those around them. Needing third parties to be adequately covered is essential. A certificate of […]

Written by on March 22, 2021

myCOI is a Value-Add to Your Insurance Agency Management Tools

Your insurance agency can benefit by changing the way it works. If you’re still doing anything manually, then you could be wasting time and money. Insurance agency management tools can automate and simplify all the tasks you’ve been doing by hand. Work takes time. Agency management systems for insurance can reduce those hours to minutes, freeing […]

Written by myCOI on March 22, 2021

myCOI is a Value-Add to Your Insurance Agency Management Tools

Your insurance agency can benefit by changing the way it works. If you’re still doing anything manually, then you could be wasting time and money. Insurance agency management tools can automate and simplify all the tasks you’ve been doing by hand. Work takes time. Agency management systems for insurance can reduce those hours to minutes, freeing […]

Written by on March 22, 2021

Here’s What You Need to Know About COIs

Businesses are responsible for proving their contractors and vendors are insured. A third party contracted by a company that causes personal or property damage can put their client at risk of costly litigation. In these troubling economic times, businesses can face bankruptcy if they are held accountable for any damage their third parties commit. A […]

Written by myCOI on February 14, 2021

Here’s What You Need to Know About COIs

Businesses are responsible for proving their contractors and vendors are insured. A third party contracted by a company that causes personal or property damage can put their client at risk of costly litigation. In these troubling economic times, businesses can face bankruptcy if they are held accountable for any damage their third parties commit. A […]

Written by on February 14, 2021

Insurance Compliance Will Be a Critical Role in 2022

There are many nuances involved with the running of a company. Every facet, from marketing to customer service, plays a part in a company’s continued success. Insurance compliance is occasionally overlooked but can prove to be just as valuable as brand awareness. Insurance compliance is the function companies can perform to make sure the contractors, […]

Written by myCOI on February 14, 2021

Insurance Compliance Will Be a Critical Role in 2022

There are many nuances involved with the running of a company. Every facet, from marketing to customer service, plays a part in a company’s continued success. Insurance compliance is occasionally overlooked but can prove to be just as valuable as brand awareness. Insurance compliance is the function companies can perform to make sure the contractors, […]

Written by on February 14, 2021