Advantages and Disadvantages of Self-Insured Business Every business needs some type of insurance. For businesses with low risk, paying premiums isn’t worth it when claims are not made. A self-insured business can assure coverage for its employees and any business losses without having to pay insurance premiums. What is Self-Insurance? Self-insurance is an insurance plan Read The Full Article →
Franchise Insurance: What Kind Do You Need? Depending on whether you are a franchisor or a franchisee, there are different types of franchise insurance to consider. The franchise insurance you need also depends on the business activities you take part in and the requirements in the franchise contract. In this article, we will explain what Read The Full Article →
The Right Way to Withhold Payment from Non-Compliant Vendors All contractors experience non-compliance, but figuring out how to deal with it is difficult. A lot of the time, contractors feel they are on a tight schedule with project deadlines and think the only option is to let non-compliant vendors and subcontractors keep working. If contractors Read The Full Article →
Guide to Understanding Your Business Auto Insurance Policy Any business using vehicles in their normal operations need to have a commercial auto insurance policy. On top of having the correct policies in place, businesses need to assure they’re keeping track of and staying up to date on any changes in the policies. This article explains Read The Full Article →
Introducing the New SmartCompliance.co Insurance certificate tracking and compliance management software, SmartCompliance is launching its new site! It’s time to get excited because this new site includes information about Commercial Collection, Residential, and Issuance services. Commercial and Residential Offerings With both Residential and Commercial Collection offerings, clients can collect Certificates of Insurance (COIs) to ensure Read The Full Article →
7 Questions Employers Have about Workers’ Compensation Insurance Employees who have injuries or illnesses because of job-related activities receive workers’ compensation insurance payments from their employers. When an employee suffers an injury or illness due to their job, the employee can file a workers’ comp claim. Once the claim has gone through review, the employee Read The Full Article →
The Importance of Tracking COIs for Every Subcontractor Tracking certificates of insurance (COIs) by hand is a time-consuming process. For contractors, it may feel easier to skip this step altogether. Although it seems easier to take the word of a subcontractor and believe they have the right coverage, requesting COIs for subcontractors is necessary. By Read The Full Article →
Why COI Tracking is Important when the Economy is Down Consumers may not realize that when the economy suffers, insurance rates go up. To avoid claims and keep your rates low COI tracking is necessary. The reason for insurance rates rising is largely due to insurance carriers being unable to subsidize rates with their investment returns. Besides being aware of increasing rates, it’s important to keep track of Certificates of Read The Full Article →
SmartCompliance Partners with Lemonade December 10, 2020. SmartCompliance and Lemonade have partnered to streamline the workflow for property management companies. The strategic partnership will combine carrier agnostic renters insurance tracking and compliance with exclusively quoting and binding Lemonade’s renters insurance into one product offering. This will directly benefit property management clients and managers as it Read The Full Article →
The Top Insurance Events to Attend in 2020 Feeling overwhelmed with trying to decide which insurance industry events, trade shows, and conferences to attend in 2020? Check out our list of conferences that covers the key insurance technologies trade shows happening in the new year. These top events will help you determine what to invest in, Read The Full Article →
