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Stay up-to-date on the fundamentals of insurance!
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BCS University is a library of educational insurance videos (see below) at your disposal so we can help you help yourself, a DIY insurance training. We want to make sure you have all of the knowledge and resources you need to educate yourself about our world of insurance, vendor compliance, and certificate of insurance tracking. We are always posting new videos so stay tuned!
A COI is a necessary document to prove your company is insured when entering into contracts with other entities.
AM Best provides us with a way to check the ratings of our vendors insurance carriers and NAIC serves as a way to facilitate the collection of statistical data and its analysis.
Do you know the difference between Evidence of Property Coverage and Liability Insurance?
Workers' compensation, usually abbreviated as Workers' Comp, is a policy that offers benefits as determinate by the state to an employee due to jobs relative injuries.
Have you ever wondered if you are tracking your certificates of insurance correctly?
Excess and Umbrella are often used interchangeably, but they are two completely different policies that do fundamentally the same thing – with one major difference.
In one of our last videos, we explained what is a COI and why most companies need them. Now, that we already know the concept behind it, in this video I'm going to walk you through every single component that make up a complete certificate of insurance.
Every business is unique; however, completed and ongoing coverage is an essential requirement in order to protect both contractors and individuals hiring them.
Before having a COI tracking meltdown, try out these 3 simple tips that will help you take back your time and feel on top of your busy schedule again.
The NOC is a crucial mechanism to assure the additional insured or other vested parties will receive notification of the cancellation or non-renewal of a vendor’s insurance policy.
Have you ever wondered how your vendors’ Commercial General Liability coverage will cover your company in the event of a claim?
The CGL is one of the most important type of insurance as it is the first line of defense in the events of a loss. In fact, it is the broadest in terms of types of incidents that will protect the company against.
Have you ever wondered if you should require auto liability coverage from your vendors and any other third-party companies that you do business with?
Do you know the difference between policy holders, certificate holders, and additional insureds?
Watch this video to find out where Additional Insured Wording is located on a COI so you can make sure your company is being covered.
Waiver of subrogation is when someone waives the rights of their insurance companies to recover damage from a third-party company. But why do I need it?
The general aggregate limit is the total amount that the policy has to pay in any one policy term and it can respond in 3 ways: per policy, per project or per location. In this video we are going to explain the difference between per project and per location.
Primary and non-contributory endorsements or policy language are importante terms and commonly used in contract insurance requirements. But what exactly does it mean?
In this video we are diving a little deeper into the Auto Liability Policy and its symbols to give you an even better understanding of it.
The term “loss payee,” can be confused with “additional insured.” Basically, a loss payee is to property insurance what an additional insured is to liability insurance.
Through a combination of dedicated compliance analysts and our advanced BCS App, we do the heavy lifting in the process of vendor onboarding, document collection and compliance management.
In this video we will be briefly explaining Hold Harmless Language, what it is and what it does.