The main difference between indemnification and insurance is that the former represents the process of transferring loss responsibility within a contractual relationship, and can exist independent of a policy, while the latter represents the actual contract backed by an insurance company.

Proper management of insurance documents, like the certificate of insurance, is integral for maintaining vendor/tenant compliance, protecting your business against damage claims, and more. Doing so properly requires asking the right questions.

Blanket additional insured endorsements extend named insureds' third-party coverage though a simplified process, yet include important limitations.

Primary and noncontributory endorsements are a common insurance addendum that protects those listed as additional insureds from costly third-party liability.

The difference between ongoing and completed operations coverage determines how and when subcontractor insurance policies can extend coverage to additional insureds.

Finding the best certificate of insurance (COI) tracking solution is a matter of identifying which ones offer the greatest level of service, can work with international vendors, leverage centralized support teams, and can scale with your business.

Learn what an additional insured endorsement is and why it is so important when it comes to protecting your company from third-party risk.

Boost your company’s claims management success by having your own insurance policy, requesting certificates of insurance from vendors, adding an indemnity clause to contracts, analyzing and tracking vendor insurance information, and clearly communicating expectations.

Ensure vendor compliance by conducting risk assessments and evaluations, utilizing compliance policies and contracts, and providing continual oversight. The BCS App does this all.