What Is ACORD & What Does It Have To Do With Insurance?
ACORD is a global non-profit known for its standardized certificate of insurance (COI) forms. These streamlined ...
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Posts by BCS:
What Is a Certificate of Liability Insurance?
A certificate of liability insurance provides proof businesses are covered by an active, commercial general liability ...
What Is AM Best & What Does It Have To Do With Certificate of Liability Insurance?
AM Best credit rating agency scores insurers’ creditworthiness on a scale of A+ to D to measure insurance-related risks ...
What Is An Insurance Endorsement?
Insurance endorsements serve as policy changes to your original agreement that help you mitigate risks.
What Is Third Party Risk Assessment And How Can It Help My Business?
Third-party risk assessments evaluate factors such as vendor reputation, data security, financial standing, mission, ...
How to Get a Certificate of Insurance
Request a certificate of insurance (COI) from your contractor or vendor, who can procure it through their insurance ...
Best Practices for Third-Party Risk Management
Investing in vendor management software, hiring the right vendors, and maintaining a vendor list are among the best ...
Everything You Need to Know About Primary & Noncontributory Endorsements
While primary endorsements designate the first party to respond to a claim, non-contributory endorsements prevent ...
The Benefits of COI Tracking for Third-Party Risk Management
COI tracking ensures vendors are insured, sets professional expectations, enables instant compliance correction, and ...
What Is a Supply Chain Management System?
Businesses often rely on robust supply chain management software systems to integrate vendor processes and mitigate ...