Blog
Learn from the pros about risk-mitigation, document tracking, and more, with expert articles from Business Credentialing Services.
Why Additional Insured Endorsements Are So Important
Additional Insured endorsements are insurance provisions extending liability protection from the policyholder to other parties who may benefit.
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What Is a Loss Payee?
Loss payee is a common insurance policy designation naming the party to which payments are to be made in the event of a loss.
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Hold Harmless Basics
Hold harmless language (a/k/a indemnity language) is found in most contracts and agreements, with the purpose of transferring the obligations of one party to another to defend and make whole the other party for legal liability, typically related to the services, work or nature of the contract.
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More Articles from BCS
Building Your Contractual Risk Transfer Strategy
Effective contractual risk transfer strategy includes insurance requirements and the collection of documentation, correction processes and the storage and accessibility of that data.
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Everything You Need to Know About Primary & Noncontributory Endorsements
Primary and noncontributory language in an insurance policy protects those listed as additional insureds from costly third-party liability.
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Increasing Your COI Compliance
Clear contractual language, effective internal policies and communication, and centralized tracking are several ways to increase COI compliance.
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The Essentials of Contractual Risk Transfer
Contractual risk transfer is the ability to transfer a risk/loss from one party to another party through the language written in a contract.
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You Could Face Tort Liability For Your Independent Contracts
You Could Face Tort Liability For Your Independent Contracts
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Achieve Compliance With Certificate of Insurance Tracking Software
Certificate of insurance tracking software, such as the BCS App, helps companies achieve and maintain compliance via a customizable, user-friendly platform and centralized data hub, which among other features, monitors and even visualizes vendors by compliance status.
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What Is OFAC?
The Office of Foreign Assets Control (OFAC) is a financial intelligence agency of the U.S. Department of Treasury that develops and enforces trade sanctions to support homeland security and foreign affairs initiatives.
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