The world of insurance can be very confusing to anyone – especially if the individual handling Certificates of Insurance (COIs) has no insurance background or hasn’t worked with insurance documents or endorsements in the past. And unfortunately, fraudulent COIs – while not extremely common – are certainly used by subcontractors caught in difficult situations and […]

Purchasing, in business, refers to the organized acquisition of goods and services on behalf of a buying entity. Purchasing departments are hugely important in many industries, ensuring that items like raw materials, components, event decorations, etc. arrive in a timely manner and at a reasonable cost. While it may not be the responsibility of the […]

Businesses around the world utilize COIs to bolster their business partnerships and gain peace of mind when entering new dealings. Among the many things on business owners’ minds, they must make sure that the people they work with have appropriate insurance coverage as it pertains to their work. Most do so through COIs or Certificate […]

One very common type of insurance is liability insurance, which protects policyholders from the risks of liabilities imposed by claims relating to property damage and bodily injuries. (Note that we’re referring here to general liability insurance rather than professional liability insurance, which provides coverage for more consultative services.) Relatedly, it is a routine practice for […]

In the real estate industry, there are various cases where you may need to verify someone’s insurance coverage before hiring them. When a situation like this arises, you’ll use a COI, meaning a certificate of insurance services, to prove that they have the insurance policy and level of coverage that they say they do.  Therefore, […]

Insurance policies and certificates of insurance services (or COIs, for short) are two very important legal documents in our space—but a lot of confusion exists around which one is which. Insurance policies can exist without certificates of insurance, but certificates of insurance could not exist without corresponding insurance policies, and in this blog, we’ll explain […]

Liability insurance is a type of coverage that aims to protect your company and any third parties you hire against claims and lawsuits stemming from accidents.  While general liability insurance refers to coverage for physical liability risks such as bodily injury or property damage, professional liability insurance covers more abstract risks.  In this blog, we’ll […]

Anything that causes injury or property damage could lead to a liability lawsuit. Ensuring that the third parties you hire have the necessary liability insurance is crucial for both your financial and regulatory protection, as well as theirs.  Follow along as we cover the basics of liability insurance, the major differences between a certificate of […]

Contractors typically carry liability insurance to protect all parties from damage and on-site injuries if anything were to go wrong in the building process and to protect the parties hiring them from downstream risk. Many states legally require coverage as a prerequisite for contractors to get their business licenses. But how do contractors prove that […]

Certificates of insurance, also known as COIs, are important documents in the construction world. Contractors working in verticals with a high degree of risk, such as transportation, landscaping, and construction, need to know about COIs to ensure that they remain compliant and financially protected in the case of accidents.  Follow along in our guide to […]