What Is a Waiver of Subrogation?
A waiver of subrogation is a contractual provision that indemnifies third-party subcontractors from liability—revoking an insurer's right to recoup losses from a claim concerning third-party fault for incurred damages.Read Now
What Is a Certificate of Liability Insurance?
A certificate of liability insurance provides proof businesses are covered by an active, commercial general liability insurance policy. This convenient, accessible document is important to prove insurance status, mitigate liability, and protect businesses in third-party contracts.Read Now
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 and help consumers make informed decisions.Read Now
The Basics of Additional Insured Endorsements
Additional insured endorsements extend coverage to a specified third party in the event of a claim or negligent acts.Read Now
What Is An Insurance Endorsement?
Insurance endorsements serve as policy changes to your original agreement that help you mitigate risks.Read Now
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, and more to mitigate liabilities, streamline project workflow, and ultimately, influence hiring.Read Now
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 broker or provider.Read Now
Best Practices for Third-Party Risk Management
Best practices for third-party risk management include investing in a cloud-based vendor management software, hiring the right vendors and maintaining a vendor list, streamlining document tracking, and keeping open lines of communication.Read Now
What Are Blanket Additional Insured Endorsements?
Blanket additional insured endorsements extend coverage to multiple third parties without naming or requesting additional insured status for each.Read Now
Everything You Need to Know About Primary & Noncontributory Endorsements
Primary and non-contributory endorsements are common insurance addendums that protect additional insureds from costly third-party liabilities and potentially, having to make contributions during claims.Read Now