A Guide to Inland Marine Insurance
The ability to track certificates of insurance for free depends on a business’ technology, needs, size and complexity, ...
The Essentials of Contractual Risk Transfer
Contractual risk transfer is the ability to move a risk/loss from one party to another through the language written in ...
Vendor Screening: Know Who You're Working With
Vendor screening can help reduce your liability when taking on third-party subcontractors. Depending on your industry, ...
Signs a Certificate of Insurance Might Be Forged
You may be able to identify a forged certificate of insurance through telltale signs such as missing contact ...
What Is Self-Insurance?
Self-insurance involves setting money aside for a potential loss instead of purchasing a third-party insurance policy.
What Is Commercial General Liability?
Commercial general liability (CGL) is a type of insurance coverage that protects a business from risks such as bodily ...
Tracking Certificates of Insurance for Free: Free Resources & Tools
The ability to track certificates of insurance for free depends on a business’ technology, needs, size and complexity, ...
Your Guide to Certificate of Insurance Tracking
COI tracking software is used to efficiently manage risks across a range of diverse industries.
Certificate Holders & Additional Insureds: What's the Difference?
Certificate holders possess proof of insurance on commercial general liability policies, while additional insureds are ...
What's the Difference Between Excess and Umbrella Insurance?
Excess liability provides additional limits to an underlying policy, while umbrella insurance expands coverage to ...
Claims-Made Vs. Occurrence Policies: What Coverage Is Right For You?
Claims-made covers incidents within the policy, needing 'tail' for extended protection, while occurrence offers ...
What's the Difference Between General Liability & Professional Liability?
While general liability covers tangible risks such as bodily injuries and property damage, professional liability ...
What Is Professional Liability Insurance?
This insurance coverage shields businesses from financial fallout due to errors, negligence, or omissions in delivering ...
The Basics of Additional Insured Endorsements
Additional insured (AI) endorsements extend insurance coverage to a third party specified by the policyholder in the ...
What Is Auto Liability Insurance?
Commercial auto liability insurance is essential for many businesses to help mitigate financial risks and comply with ...
What Is Workers' Comp?
Workers’ comp helps pay for employee medical care, lost wages, and other expenses while mitigating risks and offering ...
To bcs or not to bcs... That is the question
Discover how BCS is transforming COI Tracking with their company rebranding and enhanced solutions. Streamline your ...
How to Ensure Vendor Compliance
Vendor compliance involves ensuring third parties fulfill all expectations in the partnership via risk assessments, ...
5 Steps to Implementing Vendor Risk Management
Effective vendor risk management entails thorough vendor selection, standardized onboarding and contracts, and ...
What’s the Difference Between a Loss Payee & an Additional Insured?
Although both are entitled to insurance benefits, loss payees receive property loss coverage while additional insureds ...
Your Guide to COI Tracking
COI tracking involves collecting, reviewing, and updating third-party certificates of insurance to maintain compliance ...
Self-Insured Retention & Commercial General Liability Policies
When CGL policies are subject to self-insured retention, insurers only cover a claim after insureds pay a fee—which ...
What Is Vendor Compliance Software?
Vendor compliance software is an integrated platform enabling businesses to communicate with, hire, and track ...
What Is Workers' Comp?
Workers’ comp insurance helps pay for an employee’s medical care, lost wages, rehabilitation, and other expenses ...
What Is General Contractor Insurance?
General contractor insurance covers contractors in the event of on-site injuries, equipment damage, litigation, and ...
What's the Difference Between Indemnification & Insurance?
The main difference between indemnification and insurance is that the former represents the process of transferring ...
Contract Management & Contract Review
While contract review involves analyzing an agreement to ensure it meets stakeholder needs and expectations, it is just ...
What Is ACORD & What Does It Have To Do With Insurance?
ACORD is a global non-profit known for its standardized certificate of insurance (COI) forms. These streamlined ...
What Is a Waiver of Subrogation?
A waiver of subrogation is an endorsement preventing insurers from pursuing negligent third parties for payments to ...
What Is a Certificate of Liability Insurance?
A certificate of liability insurance provides proof businesses are covered by an active, commercial general liability ...
What Is AM Best & What Does It Have To Do With Certificate of Liability Insurance?
AM Best credit rating agency scores insurers’ creditworthiness on a scale of A+ to D to measure insurance-related risks ...
What Is An Insurance Endorsement?
Insurance endorsements serve as policy changes to your original agreement that help you mitigate risks.
What Is Third Party Risk Assessment And How Can It Help My Business?
Third-party risk assessments evaluate factors such as vendor reputation, data security, financial standing, mission, ...
How to Get a Certificate of Insurance
Request a certificate of insurance (COI) from your contractor or vendor, who can procure it through their insurance ...
Best Practices for Third-Party Risk Management
Best practices for third-party risk management include investing in a cloud-based vendor management software, hiring ...
Everything You Need to Know About Primary & Noncontributory Endorsements
While primary endorsements designate the first party to respond to a claim, non-contributory endorsements prevent ...
The Benefits of COI Tracking for Third-Party Risk Management
COI tracking ensures vendors are insured, sets professional expectations, enables instant compliance correction, and ...
What Is a Supply Chain Management System?
Businesses often rely on robust supply chain management software systems to integrate vendor processes and mitigate ...
Best Practices for Maintaining an Approved Vendor List
When utilizing vendor lists to collect, organize, and manage third-party information, it is best practice for ...
Benefits of Modernizing Your Vendor Management Process
Modernizing your vendor management process can help you save time, cut costs, evaluate relationships more easily, ...
The Importance of Vendor Management
Consistent vendor management empowers businesses to improve transparency and mitigate risks by tracking real-time ...
What Is a Vendor Portal?
A vendor portal, also known as a supplier portal, is an integrated online platform businesses utilize to manage and ...
Vendor Risk Management & Insurance Tracking Software
Risk mitigation and vendor risk management are vital to protecting your company from costly claims, and can be ...
bcs app: Automated RFPs
Broadcasting automated RFPs through the BCS App can help you find new vendors with minimal time and effort.
bcs app: Integrations
The BCS App integrates seamlessly with some of the most popular B2B software on the market to help you save time and ...
bcs app: Vendor Mobile App
BCS Connect, the BCS vendor mobile app, streamlines onboarding and compliance for vendors through user-friendly ...
bcs app: Finding Pre-Qualified Vendors With the BCS Network
Finding pre-qualified vendors is beneficial for effective enterprise risk management, but it isn’t always easy. The BCS ...
bcs app: Streamlined Vendor Onboarding
Effective vendor onboarding is critical to vendor management. The BCS App streamlines the process to save you time and ...
bcs app: Unmatched Protection
The BCS App provides unmatched protection by collecting, correcting and protecting certificates of insurance, ...
Franchise Management 101: COI Tracking to Mitigate Risk
Careful COI tracking for franchise management to critical to mitigate third- and fourth-party risks.
Protect Your Community With COI Tracking for HOAs
COI tracking for homeowners associations is essential to mitigating third-party risk, and also holds significant ...
The Basics of COI Tracking for Manufacturing
COI tracking for manufacturing is essential to mitigating third-party risks associated with cybersecurity threats, ...
Why COI Tracking Is Essential for Effective Risk Management in the Healthcare Industry
COI tracking for healthcare helps protect from third-party risk, including data breaches, HIPAA violations, and failure ...
What You Should Know About COI Tracking for Logistics, Transportation & Supply Chain Management
COI tracking for logistics, transportation, and supply chain management businesses is essential due to third-party ...
COI Tracking To Mitigate Risk for Lending & Financial Services
Due to significant third-party risk with serious potential consequences, lending and financial services businesses ...
Protecting Guests & Your Business With COI Tracking for Hospitality
Hospitality businesses that work with third parties may be susceptible to cybersecurity and health & safety risks, ...
Why COI Tracking Is Essential for Your Retail Business
Comprehensive COI tracking for retail effectively mitigates third-party risk and potential complications for ...
The Definitive Guide to COI Tracking for Real Estate & Property Management
Property owners & managers increase their risk when they work with a new vendor, contractor, or tenants, requiring ...
The Ultimate Guide to COI Tracking for Construction
Careful COI tracking for construction is especially important due to the plethora of potential liabilities and ...
Benefits & Bandwidth: Advantages to Full-Service COI Tracking
Full-service COI tracking for business can accommodate changing work levels, free up staff time, save money, maintain ...
Mitigating Third-Party Risk With Compliance Analysts
Working with compliance analysts can help businesses mitigate third-party risk through insurance tracking, document ...
How To Seamlessly Migrate Your COI Tracking Solution
Migrating your COI tracking solution may ultimately save you hours of work, but the initial implementation process can ...
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 ...
Why Centralize Your In-House Compliance Process & Documentation?
Centralizing your in-house compliance process and documentation can help you save time, conserve space, enhance ...
Top Ways to Save Time With Compliance Management
Strong compliance management techniques can save your staff time by simplifying inviting and connecting with vendors, ...
On-Site vs. Off-Site Coverage in Construction
On-site insurance covers incidents at the jobsite, while off-site coverage extends to project-related incidents ...
What Is a Claims-Made Policy?
A claims-made insurance policy traditionally covers incidents reported while it is active.
How Do I Send a Certificate of Insurance?
The steps to send a certificate of insurance depend on your carrier and recipient, though traditionally required a ...
How to Tell if Your Business Needs a Certificate of Insurance Management System
You should consider a certificate of insurance management system if your business works with outside contractors, ...
Do You Have Worldwide Coverage?
Your insurance might not cover international exposures, putting your company at risk if you do conduct business ...
How to Review Language in Hold Harmless Agreements
Hold harmless agreements (aka indemnity agreements) transfer the obligations from one party to another to absolve one ...
Volatile Economy Calls for Better Risk Management Techniques
Identifying and analyzing potential risks and strategizing to avoid and reduce them are critical to successful risk ...
Top 3 Mistakes in RFPs for COI Tracking
The three most common mistakes in RFPs for COI tracking are failure to identify the reason for tracking vendor ...
Organizing Certificates of Insurance Best Practices
Organizing certificates of insurance best practices include obtaining a certificate of insurance from each vendor, ...
What Is Contractors Pollution Liability?
Contractors pollution liability (CPL) is a type of insurance policy that protects contractors from pollution-related ...
You Could Face Tort Liability For Your Independent Contracts
While companies assume they won’t be held liable for tort claims arising from work performed by independent ...
The Importance of Certificate of Insurance Tracking in Construction
Certificate of insurance tracking helps ensure you’re protected from liabilities associated with injuries, overdue ...
What Are the Steps in the Commercial General Liability Policy Renewal Process?
Collecting all pertinent information, performing a risk assessment, assessing previous renewals, and comparing rates ...
What Is a Loss Payee?
A loss payee is a common insurance policy designation that names who receives payment when there’s a loss.
The Difference Between Ongoing and Completed Operations for Additional Insureds
The difference between ongoing and completed operations coverage determines how and when subcontractor insurance ...
How to Find the Best COI Tracking Solution
Finding the best certificate of insurance (COI) tracking solution is a matter of identifying which ones offer the ...
How to Boost Your Claims Management Success
Boost your company’s claims management success by having your own insurance policy, requesting certificates of ...
Finding Vendor Risk Management Success
Working with vendors brings risks to business arrangements, including potential financial, legal and operational ...
Building Your Contractual Risk Transfer Strategy
Effective contractual risk transfer strategy includes insurance requirements and the collection of documentation, ...
Increasing Your COI Compliance
Clear contractual language, effective internal policies and communication, and centralized tracking are several ways to ...
What Is OFAC?
The Office of Foreign Assets Control (OFAC) is a financial intelligence agency of the U.S. Department of Treasury that ...
5 Steps for Thorough Tenant Screening
Thorough tenant screening includes creating tenant criteria, conducting pre-screening interview calls, collecting ...
What Does a Background Check Include?
While the criteria of a background check is ultimately decided by the employer, a typical candidate screening may ...
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 ...
Insurance Cancellation Notices Part 2: Endorsement Enforcement
Basics of collecting and tracking Notices of Cancellation along with Certificates of Insurance from all of your ...
Insurance Cancellation Notifications Part 1: Is Notice Guaranteed?
Notices of insurance cancellation are not always guaranteed. It is important to collect Notice of cancellation ...
Effectively Managing Third-Party Risk With Full-Service COI Tracking
BCS can help your company reduce third-party risk with our innovative compliance management solutions. Learn how to ...
Third-Party Risk Management: Protecting Data Privacy
Protecting data privacy is a critical component of third-party risk management.
Contractor Focus - Florida Workers’ Comp Statute Declared Unconstitutional
Contractor Focus - Florida Workers’ Comp Statute Declared Unconstitutional
The Real Danger of Working With an Unlicensed Contractor
The Real Danger of Working With an Unlicensed Contractor
The Skyrocketing Risk of Data Breach and Social Networks
The Skyrocketing Risk of Data Breach and Social Networks
Up And Not Out: Current Contractor Licensing
Up And Not Out: Current Contractor Licensing
The Perils of Viewing Risk Management as a "Software Problem"
The Perils of Viewing Risk Management as a "Software Problem"
The High Cost of Losing Documents to Fire or Flood
The High Cost of Losing Documents to Fire or Flood
The Insane Cost of US Insurance State Regulation
The Insane Cost of US Insurance State Regulation
Finding Data in the Expanding Digital Haystack
Finding Data in the Expanding Digital Haystack
Wrongful Termination Lawsuits and Social Media Legislation
Wrongful Termination Lawsuits and Social Media Legislation
Data Breach Liability and Cloud Storage
Data breach liability and cloud storage.
Just 1 Bad Apple Can Spoil the Bunch - and Cost Shareholders 30% of Returns
Just 1 Bad Apple Can Spoil the Bunch - and Cost Shareholders 30% of Returns
$10.70 Has Never Been More Expensive For Risk Managers
$10.70 Has Never Been More Expensive For Risk Managers
Moving Beyond Reactive Risk Management
Moving Beyond Reactive Risk Management
Are Your Vendors Financially Stable?
Are Your Vendors Financially Stable?
What Is Allowed On A Certificate of Insurance?
What Is Allowed On A Certificate of Insurance?
The Dangers of Non-Standard Endorsements
The Dangers of Non-Standard Endorsements
New ACORD Form & 30-Day Notice of Cancellation
New ACORD Form & 30-Day Notice of Cancellation
Should Your Vendors Carry Contract Liability Coverage?
Should Your Vendors Carry Contract Liability Coverage?
ACORD Changes
ACORD Changes
Transferring Vendor Risk - A 10 Question Survey
Transferring Vendor Risk - A 10 Question Survey
ACORD Changes & Vendor Risk Management
ACORD Changes & Vendor Risk Management
Protection or Greater Risk?
Protection or Greater Risk?
Get the Most From Your Full-Service Provider
Get the Most From Your Full-Service Provider