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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

An employer may be liable for the tortuitous actions of an independent contractor if the employer is negligent in selecting, instructing, or supervising the contractor; if the employer has a non-delegable duty, arising out of some obligation to the public; or if the work being done by the contractor is inherently dangerous.
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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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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, OFAC debarment screening, EHS screening, financial screening, and legal screening may hold significant benefits.
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5 Steps for Thorough Tenant Screening

Thorough tenant screening includes creating tenant criteria, conducting pre-screening interview calls, collecting rental applications, running rental background checks, and following up with tenant references.
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What Is a Certificate of Insurance & Why Do I Need It?

A certificate of insurance (COI) is a document that serves as proof of business insurance. It is a snapshot of an insurance policy containing all the most important details of the policy, and helps protect against third-party risk.
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What Does a Background Check Include?

While the criteria of a background check is ultimately decided by the employer, a typical candidate screening may include criminal history, vendor credentials, alternate business names, insurance compliance, customer reviews, and Better Business Bureau standing.
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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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Limit Your Liability with Certificate of Insurance Tracking

BCS’ unique, three-step approach to certificate of insurance tracking provides the verification, security and peace of mind so essential to third-party risk mitigation.
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The Basics of Additional Insured Endorsements

Learn what an additional insured endorsement is and why it is so important when it comes to protecting your company from third-party risk.
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Insurance Cancellation Notices Part 2: Endorsement Enforcement

Basics of collecting and tracking Notices of Cancellation along with Certificates of Insurance from all of your company's vendors, tenants, and subcontractors.
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Insurance Cancellation Notifications Part 1: Is Notice Guaranteed?

Notices of insurance cancellation are not always guaranteed. It is important to collect Notice of cancellation endorsements to protect your company from risk.
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AIA Unveils New 2017 Insurance Exhibit

AIA forms now include a separate insurance exhibit, creating less vagueness and more understanding, and revamping contractual risk transfer in construction.
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Effectively Managing Third-Party Risk

BCS can help your company reduce third-party risk with our innovative compliance management solutions. Learn how to track vendor insurance using the BCS App today.
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Third-Party Risk Management: Protecting Data Privacy

Third-Party Risk Management: Protecting Data Privacy
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Insurance Tracking Software

Insurance Tracking Software
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The 3 Questions to Ask About Your Vendor Risk Program

The 3 Questions to Ask About Your Vendor Risk Program
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US Companies are terrified of Reputational Risk, but Too Afraid to Do Anything About It

US Companies are terrified of Reputational Risk, but Too Afraid to Do Anything About It
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Contractor Focus - Florida Workers’ Comp Statute Declared Unconstitutional

Contractor Focus - Florida Workers’ Comp Statute Declared Unconstitutional
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Tracy Morgan Sues Wal-Mart for Negligence after Car Accident

Tracy Morgan Sues Wal-Mart for Negligence after Car Accident
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Don’t Get Bitten by a Self-Insured Retention Hiding in a General Liability Policy

Don’t Get Bitten by a Self-Insured Retention Hiding in a General Liability Policy
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Stop Reacting to Risk and Get Creative With Your Vendor Financial Screening

Stop Reacting to Risk and Get Creative With Your Vendor Financial Screening
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The Real Danger of Working With an Unlicensed Contractor

The Real Danger of Working With an Unlicensed Contractor
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The Skyrocketing Risk of Data Breach and Social Networks

The Skyrocketing Risk of Data Breach and Social Networks
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Big ACORD Form Changes 2013-2014

Big ACORD Form Changes 2013-2014
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How To Automate Your Company's Risk Program in 2014

How To Automate Your Company's Risk Program in 2014
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Cybercrime Fear Hits US Businessed Hard in 2014

Cybercrime Fear Hits US Businessed Hard in 2014
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Ernst & Young Gets Real with Risk Managers - How Do You Know If Your Risk Program Does Anything

Ernst & Young Gets Real with Risk Managers - How Do You Know If Your Risk Program Does Anything
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Can Your Vendor Compliance Program Handle an Audit in 2014? One Might Be Coming.

Can Your Vendor Compliance Program Handle an Audit in 2014? One Might Be Coming.
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Cyber Liability Price Hike Leaves Retailers Feeling the Pinch

Cyber Liability Price Hike Leaves Retailers Feeling the Pinch
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Three Changes to Additional Insured Endorsements You Need to Know about in 2014

Three Changes to Additional Insured Endorsements You Need to Know about in 2014
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Why Thoughtful Strategic Risk Planning is Making a Comeback in 2014

Why Thoughtful Strategic Risk Planning is Making a Comeback in 2014
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The Perils of Viewing Risk Management as a "Software Problem"

The Perils of Viewing Risk Management as a "Software Problem"
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The Two-Year Slide Backwards in Risk Preparation

The Two-Year Slide Backwards in Risk Preparation
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The High Cost of Losing Documents to Fire or Flood

The High Cost of Losing Documents to Fire or Flood
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The Insane Cost of US Insurance State Regulation

The Insane Cost of US Insurance State Regulation
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Finding Data in the Expanding Digital Haystack

Finding Data in the Expanding Digital Haystack
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The Exploding Popularity of Cyber Liability Insurance

The Exploding Popularity of Cyber Liability Insurance
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The Outdated Approach to American Insurance Regulation

The Outdated Approach to American Insurance Regulation
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Wrongful Termination Lawsuits and Social Media Legislation

Wrongful Termination Lawsuits and Social Media Legislation
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DATA BREACH LIABILITY AND CLOUD STORAGE

DATA BREACH LIABILITY AND CLOUD STORAGE
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The 3 Basic Steps of Managing Social Media Risk

The 3 Basic Steps of Managing Social Media Risk
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20% of Small Businesses Are Making a Critical Mistake

20% of Small Businesses Are Making a Critical Mistake
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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
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$10.70 Has Never Been More Expensive For Risk Managers

$10.70 Has Never Been More Expensive For Risk Managers
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Vendor Safety Evaluations and Damage to Corporate Reputation

Vendor Safety Evaluations and Damage to Corporate Reputation
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Moving Beyond Reactive Risk Management

Moving Beyond Reactive Risk Management
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New ACORD Form & 30-Day Notice of Cancellation

New ACORD Form & 30-Day Notice of Cancellation
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ACORD Changes

ACORD Changes
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