Anti-Indemnity Statutes: The Basics You Need to Know
A typical indemnity agreement involves an indemnitor (usually a downstream party) promising to hold an indemnitee (the upstream party) harmless for claims and losses.
Tag: Risk Management & Compliance Insights
Anti-Indemnity Statutes: The Basics You Need to Know
A typical indemnity agreement involves an indemnitor (usually a downstream party) promising to hold an indemnitee (the upstream party) harmless for claims and losses.
Courts Side with Insurers in Denying Coverage for COVID-19 Business Interruptions
myCOI began reporting on cases working their way through the courts related to COVID-19 insurance coverage back in April. Since that time, hundreds of companies have filed lawsuits related to physical property loss of use. Now courts are issuing their verdicts and most favor insurance companies in denying coverage. In this article, we detail how […]
Courts Side with Insurers in Denying Coverage for COVID-19 Business Interruptions
myCOI began reporting on cases working their way through the courts related to COVID-19 insurance coverage back in April. Since that time, hundreds of companies have filed lawsuits related to physical property loss of use. Now courts are issuing their verdicts and most favor insurance companies in denying coverage. In this article, we detail how […]
Commercial Trucking: Rough Road Ahead As Companies Navigate Insurance Cost Pressures
Commercial trucking is extremely important to the US economy and its citizens. In fact, if the $700 billion dollar trucking industry stopped, so would our country. Within 24 hours we would have hospitals without supplies, service stations without fuel, and no US mail and package delivery. After day one food shortages begin and assembly lines […]
Commercial Trucking: Rough Road Ahead As Companies Navigate Insurance Cost Pressures
Commercial trucking is extremely important to the US economy and its citizens. In fact, if the $700 billion dollar trucking industry stopped, so would our country. Within 24 hours we would have hospitals without supplies, service stations without fuel, and no US mail and package delivery. After day one food shortages begin and assembly lines […]
Dressed for Success: The Bowtie Method for Managing Business Risk
When attending a big event, you want to dress the part. The same rule applies to risk management. Organizations well prepared for combatting loss events have their “risk bowtie” ready to go. The bowtie method provides a model for thinking about potential risks and their impact on a company. The diagram helps businesses prioritize likely […]
Dressed for Success: The Bowtie Method for Managing Business Risk
When attending a big event, you want to dress the part. The same rule applies to risk management. Organizations well prepared for combatting loss events have their “risk bowtie” ready to go. The bowtie method provides a model for thinking about potential risks and their impact on a company. The diagram helps businesses prioritize likely […]
Premiums on the Rise: How to Ensure Protection From Uninsured Third Party Claims
Auto insurers made headlines last month issuing more than $10 billion in premium refunds and discounts due to the coronavirus pandemic. The bad news is that not everyone is getting money back when it comes to their other insurance plans. In fact, most policy holders can expect to pay higher premiums for reduced coverages at […]
Premiums on the Rise: How to Ensure Protection From Uninsured Third Party Claims
Auto insurers made headlines last month issuing more than $10 billion in premium refunds and discounts due to the coronavirus pandemic. The bad news is that not everyone is getting money back when it comes to their other insurance plans. In fact, most policy holders can expect to pay higher premiums for reduced coverages at […]
myCOI Offers Flexible Solutions for All Budgets and Business Needs
Stop Choosing Between Insurance Compliance as a “Nice to Have” or “Must Have” How can a business focus on insurance risk management when during a pandemic everything feels like risk management? Business uncertainties and ad hoc cost pressures are creating tough decisions. Having launched myCOI during the recession of 2008-09, we know a fundamental truth: […]
myCOI Offers Flexible Solutions for All Budgets and Business Needs
Stop Choosing Between Insurance Compliance as a “Nice to Have” or “Must Have” How can a business focus on insurance risk management when during a pandemic everything feels like risk management? Business uncertainties and ad hoc cost pressures are creating tough decisions. Having launched myCOI during the recession of 2008-09, we know a fundamental truth: […]
Relationships Matter: myCOI Offers Value-Added Services for Agency Clients
Businesses trust their insurance agent to keep them covered, often without fully understanding their policies. Many take a “worry later” approach. Now with a global pandemic turning the business world upside down, people are anxious, confused, and looking for help. This presents an opportunity for agents to step up for clients in a major way. […]
Relationships Matter: myCOI Offers Value-Added Services for Agency Clients
Businesses trust their insurance agent to keep them covered, often without fully understanding their policies. Many take a “worry later” approach. Now with a global pandemic turning the business world upside down, people are anxious, confused, and looking for help. This presents an opportunity for agents to step up for clients in a major way. […]
Cybersecurity and Remote Work: Managing the Risks
For many businesses, COVID-19 is testing a telecommuting infrastructure for the first time. While the practice certainly keeps employees safe, it also exposes companies to new risks. From cyberattacks to malware and security breaches, businesses now are facing a different type of threat as workers move to remote work, many using home networks with fewer […]
Cybersecurity and Remote Work: Managing the Risks
For many businesses, COVID-19 is testing a telecommuting infrastructure for the first time. While the practice certainly keeps employees safe, it also exposes companies to new risks. From cyberattacks to malware and security breaches, businesses now are facing a different type of threat as workers move to remote work, many using home networks with fewer […]
Insurance Case Law Update: New Decisions Impacting Your 2020 Risk Management Strategy – Part II
Last year marked several big courtroom decisions impacting risk management. To keep you up to date, we’ve created a two-part series of important cases that could affect your risk mitigation procedures. Part I focuses largely on additional insured endorsements and commercial general liability exclusions. Part II focuses on workers’ compensation. Following case law updates helps your company stay […]
Insurance Case Law Update: New Decisions Impacting Your 2020 Risk Management Strategy – Part II
Last year marked several big courtroom decisions impacting risk management. To keep you up to date, we’ve created a two-part series of important cases that could affect your risk mitigation procedures. Part I focuses largely on additional insured endorsements and commercial general liability exclusions. Part II focuses on workers’ compensation. Following case law updates helps your company stay […]
Why myCOI’s Greatest Value Comes from Our Core Values: Learnings from 2019 and Beyond
Authored by Kristen Nunery, myCOI Founder and CEO 2019 has been a year of growth – literally and figuratively. myCOI celebrated its 10 year anniversary this year, and it’s evident that we have moved far beyond our time as a scrappy start-up. After relocating our headquarters to downtown Indianapolis in 2018, we have managed to […]
Why myCOI’s Greatest Value Comes from Our Core Values: Learnings from 2019 and Beyond
Authored by Kristen Nunery, myCOI Founder and CEO 2019 has been a year of growth – literally and figuratively. myCOI celebrated its 10 year anniversary this year, and it’s evident that we have moved far beyond our time as a scrappy start-up. After relocating our headquarters to downtown Indianapolis in 2018, we have managed to […]