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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.
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.
Excess and Umbrella are often used interchangeably, but they are two completely different policies that do fundamentally the same thing – with one major difference.
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?
Every business is unique; however, completed and ongoing coverage is an essential requirement in order to protect both contractors and individuals hiring them.
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.