Advantanges 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. Self-insured employers can assure coverage for their employees and any business losses without having to pay insurance premiums. What is Self-Insurance? Self-insurance is an insurance plan where anRead more

Insurance for Franchises: What Kind of Insurance Do You Need? There are different types of insurance to consider depending on whether you’re a franchisor or a franchisee. Franchise insurance requirements also depend on what business activities your franchise takes part in. What Should Franchisors Consider? Franchisors need to make sure they have insurance policies inRead more

Why Requiring Renters Insurance is so Important Some property managers don’t require tenants to hold renter’s insurance because they think checking that all tenants are covered is too time-consuming. Others may not even know about the benefits of renter’s insurance. Renters’ insurance is beneficial for both property managers and tenants. There’s no reason for propertyRead more

The Right Way to Withhold Payment from Non-Compliant Vendors All contractors experience non-compliance, but figuring out how to deal with it can be difficult. A lot of the time contractors feel their hands are tied with project deadlines and think the only option is to let non-compliant vendors and subcontractors keep working. If the properRead more

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 explainsRead more

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 ensureRead more

7 Questions Employers Have about Workers’ Compensation Insurance Workers’ compensation insurance is paid by employers to employees who are injured or ill because of job-related activities. When an employee is injured or becomes ill due to their job, the employee is able to file a workers’ comp claim. Once the claim is reviewed an employeeRead more

The Importance of Tracking COIs for Every Subcontractor Manually tracking Certificates of Insurance (COIs) 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 proper coverage, requesting a COI is necessary. In the longRead more

Why COI Tracking is Important when the Economy is Down     Consumers may not realize that when the economy suffers, insurance rates go up.   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 Insurance (COIs).  Let’s explore why keeping track of COIs is important,Read more

The Top Insurance Events to Attend in 2020  Feeling overwhelmed with trying to decide which insurance industry 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, partnerRead more