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Learn from the pros about risk-mitigation, document tracking, and more, with expert articles from Business Credentialing Services.

Latest Articles from BCS

What Is Commercial General Liability?

Commercial General Liability (CGL) is a type of insurance coverage that will protect a business from risks including bodily harm, property damage, advertising and personal injuries.
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What's the Difference Between Occurrence & Claims-Made Insurance?

An occurrence policy has lifetime coverage for the incidents that occur during its policy period, regardless of when the claim is reported. A claims-made policy only covers incidents that happen and are reported within the policy's time frame, unless a 'tail' extension is purchased.
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Certificate Holders & Additional Insureds: What's the Difference?

Certificate holders possess proof of insurance on commercial general liability policies, while additional insureds are other parties coverage has been extended to, beyond the initial policyholders.
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What Is a Waiver of Subrogation?

A waiver of subrogation is a contractual provision that indemnifies third-party subcontractors from liability, effectively revoking an insurer's right to recoup losses from a claim concerning third-party fault for incurred damages.
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The Critical Nature of Workers’ Compensation Insurance

Workers' Compensation Insurance is designed to protect both your business and your employees from suffering any more than necessary after a work-related injury claim.
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How to Collect & Track Certificates of Insurance

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.
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Download the PDF 'Everything You Need to Know About Certificates of Insurance'

This free, introductory resource guide to 'All Things COI' shares valuable insights and tips on tracking, improving and managing the all-important Certificate of Insurance. Download it today!
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What's the Difference Between Excess and Umbrella Insurance?

Excess and umbrella liability insurance have some important differences, most notably that the former simply provides additional limits to an underlying policy, while the latter also expands coverage to include claims and losses outside its initial scope.
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Your Complete Guide to Developing an Effective Risk Management Plan

Developing and implementing an effective risk management plan is essential to mitigating threats to your business. This comprehensive guide explains its importance, outlines techniques for identifying and prioritizing threats, and defines key concepts and checkpoints within this five-step process.
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Volatile Economy Calls for Better Risk Management Techniques

Identifying and analyzing potential risks, and strategizing for their reduction and avoidance, are critical to successful risk management. Several useful risk management techniques include: Certificate of Insurance Tracking, Safety Pre-Qualification, Regulatory Screening, and Vendor Credentialing.
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