5 Tips for Risk Managers to Win More Clients It can be hard for risk managers to find new clients who believe in the value of their service. Many companies do not think risk management is worth it because of the “that won’t happen here” mentality, but this could not be further from the truth.  In this article, we areRead more

Common Construction Site Hazards & How You Can Protect Against Them According to OSHA, “nearly 6.5 million people work at approximately 252,000 construction sites across the nation on any given day.” If you contract any of these workers, you need to know how to protect them from hazards and what to do if an accident occurs.  LetRead more

5 Reasons to Prioritize Your Certificate of Insurance Management Prioritizing your certificate of insurance (COI) management is an important process that your business cannot afford to set aside.  According to research reports conducted by Insureon, “75% of U.S. businesses are underinsured, and 40% of small business owners have no insurance at all,” so the chances of you working withRead more

Defining Parametric Insurance and 5 Tips on How to Manage it Parametric insurance also referred to as “index-based insurance” is a type of coverage that pays out a predetermined amount when specific parameters are met.   The parameters in a parametric policy should be an established metric or index that can be used to measure the event.  This seems straightforward but let us go overRead more

Learn the Difference Between Safety & Risk Management in Five Minutes or Less Understanding the difference between safety and risk management is imperative for your business’s success. To understand the difference between the two, it’s important to first understand the difference between a hazard and a risk.  The terms hazard and risk are sometimes used in place of one another; however, they do not have the same meaning and pertain to different job functionsRead more

Claims-Made vs Occurrence Policies: Why the Difference Matters Do you know the difference of claims-made vs occurrence insurance? If not, keep reading because the difference can determine whether you receive payment for a claim.  If you already have a general understanding of occurrence or claims-made insurance, keep reading for a quick refresher on the topic andRead more

The Difference Between Certificate Holder & Additional Insured Certificate holders hold proof of insurance, or certificates of insurance (COIs), from insureds they are working with while additional insureds are those who have coverage extended to them through the “named insured’s” policy.  Knowing the difference between what it means to be a policy holder, a certificate holder, or an additional insured is critical to ensuringRead more

What is a Loss Payee & What do You Need to Know? Understanding the term loss payee is important for your business when it comes to having the right insurance policies in place. This holds for businesses running at high risk with multiple insurance policies and lots of people relying on these policies.   In this post, we will explain what a loss payee is andRead more

Protecting Your Business from Commercial Water Damage If left untreated, commercial water damage is a huge problem for businesses. In this post, we’ll talk about how water damage in commercial buildings often occurs, what having to repair water damage means for your business, the health issues that come with untreated water damage, and how you can ensure you’re covered in the case of commercialRead more

Why Additional Insured Endorsements Matter & The 3 Most Common Types Additional insured endorsements are confusing. Because there are so many different types of endorsements, it can be easy to get lost when navigating through insurance policies and their endorsements.   To clear things up a bit, let’s look at what endorsements are and what an additional insured endorsement is and their variations.Read more