Businesses must carry insurance to cover them to safeguard against disaster. Unfortunately, many companies are underinsured or do not carry any at all. Roughly 40% of businesses do not have insurance. Without insurance, they have no way to cover their liabilities if something happens. That impacts everyone with whom they do business. Since no
If you are a builder or contractor working with many vendors, it is always a good idea to collect certificates of insurance (COI) as part of a successful risk management program.Certificates of insurance are documents that give details about and provide proof of insurance. They are provided by insurance companies
Most contractors, property managers, and insurance brokers understand the importance of certificates of insurance (COI). They are integral for managing compliance, yet the management of these crucial documents remains one of the most challenging aspects of the job. You might have multiple COIs to keep track of, and traditional organization methods