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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!
We know that insurance terms can be a little confusing, but have you ever wondered what the meaning of the word subrogation in insurance is? Let us break it down for you in simpler terms.
There are a few key differences between personal auto insurance and commercial auto insurance. In this video, we are going to dive a little deeper into them so you can make an educated decision when choosing your insurance policy.
A COI is a necessary document to prove your company is insured when entering into contracts with other entities.
Your business depends on suppliers, vendors, and subcontractors. Imagine a world where you can find qualified vendors or subcontractors with the click of a button.BCS has created this virtual “world” of vendors. We collected hundreds of thousands of vendors and organized them into our very own BCS Network.
The laws surrounding workers' compensation can be complicated, which is why it's important for employers and employees alike to understand the basics. Every state has its own set of rules with varying degrees in severity depending on what type or industry an individual works in. Let's take a look!
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?
As a business owner, figuring out what types of insurance your company needs can be challenging. In this video we are going to explain the difference between general liability and professional liability policies.
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.
Certificate of Insurance Tracking is a very important but time consuming process. If you are wondering how you could potentially make the process more efficient and accurate a full service solution might be just what the doctor ordered.
When you run a business, incidents happen, and they can be costly. That's why your company should consider coverage for possible risks with CGL insurance. This coverage serves as an extra safety net to protect against property damage or bodily injury due to services provided by employees at the workplace. To put it simply a CGL policy casts a wide net to protect you from various liabilities and today we are going to analyze its benefits!
In this video we are going to explain the difference between indemnification and insurance, so, let’s first understand what Indemnification means.
At every stage of the process, our Implementation Manager will help you know what information to gather, and will even assist by sharing best practices to fill in the gaps in your vendor onboarding & compliance solution. With weekly meetings to coordinate each step, our implementations are efficient and on time.
Vendor management can help your company save time and money, while also improving communication and collaboration with vendors. Here are the top five benefits of vendor management