Tag: Risk Management & Compliance Insights

The Must-Have Functionality That’s Missing From Your AMS

For agents and brokers, an Agency Management System (AMS) is a must-have. From general CRM functionality to policy management to claims tracking, AMS’s are great for day-to-day operations. In the modern insurance world, however, this ‘general’ or ‘baseline’ service will help your agency function, but it’s not going to give you the leading edge required […]

Written by myCOI on April 29, 2019

The Must-Have Functionality That’s Missing From Your AMS

For agents and brokers, an Agency Management System (AMS) is a must-have. From general CRM functionality to policy management to claims tracking, AMS’s are great for day-to-day operations. In the modern insurance world, however, this ‘general’ or ‘baseline’ service will help your agency function, but it’s not going to give you the leading edge required […]

Written by on April 29, 2019

You’ve Covered Issuance, What About COIs Going In The Other Direction?

For many insurance agents and brokers, dealing with Certificates of Insurance (COIs) is an everyday occurrence. However, the focus is often on COI issuance rather than COI collection and review. Responding to a request for a COI and ensuring the policy includes the required coverage is a critical part of protecting your clients, but managing their inbound COI’s […]

Written by myCOI on April 24, 2019

You’ve Covered Issuance, What About COIs Going In The Other Direction?

For many insurance agents and brokers, dealing with Certificates of Insurance (COIs) is an everyday occurrence. However, the focus is often on COI issuance rather than COI collection and review. Responding to a request for a COI and ensuring the policy includes the required coverage is a critical part of protecting your clients, but managing their inbound COI’s […]

Written by on April 24, 2019

Tenant Onboarding: Best Practices to Ensure Compliance

For commercial property managers handling dozens or hundreds of commercial tenants at a time, facilitating a stress-free move-in can be difficult. There are so many things to sign off on before you hand over the keys! While there is no shortage of boxes to check off during tenant onboarding, one of the most critical is […]

Written by myCOI on April 11, 2019

Tenant Onboarding: Best Practices to Ensure Compliance

For commercial property managers handling dozens or hundreds of commercial tenants at a time, facilitating a stress-free move-in can be difficult. There are so many things to sign off on before you hand over the keys! While there is no shortage of boxes to check off during tenant onboarding, one of the most critical is […]

Written by on April 11, 2019

Contractors Pollution Insurance 

Until the mid-1980s, pollution liability was covered under the standard commercial general liability (CGL) policy. However, insurers began excluding pollution liability under the CGL policy, creating the need to purchase separate coverage for pollution liability. Contractors now must purchase Contractor Pollution Liability (CPL) coverage to ensure protection. For many contractors, environmental risk has traditionally fallen […]

Written by myCOI on April 3, 2019

Contractors Pollution Insurance 

Until the mid-1980s, pollution liability was covered under the standard commercial general liability (CGL) policy. However, insurers began excluding pollution liability under the CGL policy, creating the need to purchase separate coverage for pollution liability. Contractors now must purchase Contractor Pollution Liability (CPL) coverage to ensure protection. For many contractors, environmental risk has traditionally fallen […]

Written by on April 3, 2019

Insurance and Cannabis: What You Need to Know

Once a novelty industry in a handful of states, the cannabis industry has experienced an incredible boom of growth over the last few years. Today, 29 states (plus the District of Columbia) have legalized medical marijuana and eight states plus D.C. permit the recreational use of marijuana substances. This growth, however, has not been without […]

Written by myCOI on March 26, 2019

Insurance and Cannabis: What You Need to Know

Once a novelty industry in a handful of states, the cannabis industry has experienced an incredible boom of growth over the last few years. Today, 29 states (plus the District of Columbia) have legalized medical marijuana and eight states plus D.C. permit the recreational use of marijuana substances. This growth, however, has not been without […]

Written by on March 26, 2019

Compliance Administrators: Are You Prepared To Pass Your Insurance Exam?

For those that are in compliance, the insurance world is a LOT to understand—and it’s changing constantly. If we were to ask you to take an insurance exam now that reviews all of the key terms and phrases, what they mean, and how they should be applied to your compliance tracking for contractors and third party […]

Written by myCOI on January 27, 2018

2017 & myCOI: Certificate Management in Review

Happy New Year of Cert Tracking! 2017 was the year of the client, that is for sure. We couldn’t be more proud of our clients finding cert tracking success with myCOI. And we’re also a little proud of our amazing team. myCOI’s Company Growth 2017 brought with it several important company announcements. In May of […]

Written by myCOI on January 2, 2018

2017 & myCOI: Certificate Management in Review

Happy New Year of Cert Tracking! 2017 was the year of the client, that is for sure. We couldn’t be more proud of our clients finding cert tracking success with myCOI. And we’re also a little proud of our amazing team. myCOI’s Company Growth 2017 brought with it several important company announcements. In May of […]

Written by on January 2, 2018

Certificate of Insurance Platform myCOI Preps for Massive Growth -Forbes

“Ultimately, we are here to drive compliance for our customers so they have protection,” Nunery said. Before she founded myCOI , Kristen Nunery used to flip houses for a living. This line of work brought her into contact with a lot of building contractors and introduced her to the complicated world of professional liability insurance. […]

Written by myCOI on November 17, 2017

Indemnification vs. Insurance

What is the difference between indemnification and insurance? They work best together but serve different purposes. Think of them like a belt and suspenders approach for keeping companies covered from losses. Understanding the unique function of each is important for any risk management strategy. In this article, we clear up the confusion by showing indemnification […]

Written by myCOI on October 11, 2017

Indemnification vs. Insurance

What is the difference between indemnification and insurance? They work best together but serve different purposes. Think of them like a belt and suspenders approach for keeping companies covered from losses. Understanding the unique function of each is important for any risk management strategy. In this article, we clear up the confusion by showing indemnification […]

Written by on October 11, 2017

Have You Ever Heard of a Subcontractor Cutting Corners in Insurance?

If your subcontractors are cutting corners on their insurance coverage, that could mean a world of hurt for your business. Sleep better, let myCOI software do the insurance tracking for you. You know from experience that, when it comes to insurance tracking for your subcontractors, there are many things to watch out for: Ensuring they […]

Written by myCOI on October 5, 2017

Have You Ever Heard of a Subcontractor Cutting Corners in Insurance?

If your subcontractors are cutting corners on their insurance coverage, that could mean a world of hurt for your business. Sleep better, let myCOI software do the insurance tracking for you. You know from experience that, when it comes to insurance tracking for your subcontractors, there are many things to watch out for: Ensuring they […]

Written by on October 5, 2017