What Is Auto Liability Insurance? November 29, 2023 Commercial auto liability insurance is essential for many businesses to help mitigate financial risks and comply with ...
What Is Workers' Comp? November 16, 2023 Workers’ comp helps pay for employee medical care, lost wages, and other expenses while mitigating risks and offering ...
To bcs or not to bcs... That is the question October 13, 2023 Discover how BCS is transforming COI Tracking with their company rebranding and enhanced solutions. Streamline your ...
What's the Difference Between Occurrence & Claims-Made Insurance? August 24, 2023 An occurrence policy offers lifetime coverage for incidents that occur during the policy period, regardless of when the ...
What's the Difference Between Excess and Umbrella Insurance? August 17, 2023 Excess liability insurance provides additional limits to an underlying policy, while umbrella liability insurance ...
The Basics of Additional Insured Endorsements August 10, 2023 Additional insured (AI) endorsements extend insurance coverage to a third party specified by the policyholder in the ...
How to Ensure Vendor Compliance July 18, 2023 Vendor compliance involves ensuring third parties fulfill all expectations in the partnership via risk assessments, ...
5 Steps to Implementing Vendor Risk Management July 06, 2023 Effective vendor risk management entails thorough vendor selection, standardized onboarding and contracts, and ...
What’s the Difference Between a Loss Payee & an Additional Insured? June 21, 2023 Although both are entitled to insurance benefits, loss payees receive property loss coverage while additional insureds ...
Your Guide to COI Tracking June 08, 2023 COI tracking involves collecting, reviewing, and updating third-party certificates of insurance to maintain compliance ...
Self-Insured Retention & Commercial General Liability Policies May 30, 2023 When CGL policies are subject to self-insured retention, insurers only cover a claim after insureds pay a fee—which ...
What Is Commercial General Liability? May 11, 2023 Commercial general liability (CGL) is a type of insurance coverage that protects a business from risks such as bodily ...
What Is Vendor Compliance Software? April 27, 2023 Vendor compliance software is an integrated platform enabling businesses to communicate with, hire, and track ...
What Is Workers' Comp? April 18, 2023 Workers’ comp insurance helps pay for an employee’s medical care, lost wages, rehabilitation, and other expenses ...
What Is General Contractor Insurance? March 30, 2023 General contractor insurance covers contractors in the event of on-site injuries, equipment damage, litigation, and ...
Certificate Holders & Additional Insureds: What's the Difference? March 16, 2023 Certificate holders possess proof of insurance on commercial general liability policies, while additional insureds are ...
What's the Difference Between Indemnification & Insurance? February 28, 2023 The main difference between indemnification and insurance is that the former represents the process of transferring ...
Contract Management & Contract Review February 21, 2023 While contract review involves analyzing an agreement to ensure it meets stakeholder needs and expectations, it is just ...
What Is ACORD & What Does It Have To Do With Insurance? February 01, 2023 ACORD is a global non-profit known for its standardized certificate of insurance (COI) forms. These streamlined ...
What Is Self-Insurance? January 24, 2023 Self-insurance involves setting money aside for a potential loss instead of purchasing a third-party insurance policy. ...
What Is a Waiver of Subrogation? January 12, 2023 A waiver of subrogation is an endorsement preventing insurers from pursuing negligent third parties for payments to ...
What Is a Certificate of Liability Insurance? January 05, 2023 A certificate of liability insurance provides proof businesses are covered by an active, commercial general liability ...
What Is AM Best & What Does It Have To Do With Certificate of Liability Insurance? December 20, 2022 AM Best credit rating agency scores insurers’ creditworthiness on a scale of A+ to D to measure insurance-related risks ...
What Is An Insurance Endorsement? November 29, 2022 Insurance endorsements serve as policy changes to your original agreement that help you mitigate risks.
What Is Third Party Risk Assessment And How Can It Help My Business? November 15, 2022 Third-party risk assessments evaluate factors such as vendor reputation, data security, financial standing, mission, ...
How to Get a Certificate of Insurance October 14, 2022 Request a certificate of insurance (COI) from your contractor or vendor, who can procure it through their insurance ...
Best Practices for Third-Party Risk Management September 27, 2022 Best practices for third-party risk management include investing in a cloud-based vendor management software, hiring ...
What Are Blanket Additional Insured Endorsements? September 15, 2022 Blanket additional insured endorsements extend coverage to multiple third parties without naming or requesting ...
Everything You Need to Know About Primary & Noncontributory Endorsements August 30, 2022 While primary endorsements designate the first party to respond to a claim, non-contributory endorsements prevent ...
The Benefits of COI Tracking for Third-Party Risk Management August 18, 2022 COI tracking ensures vendors are insured, sets professional expectations, enables instant compliance correction, and ...
What Is a Supply Chain Management System? June 07, 2022 Businesses often rely on robust supply chain management software systems to integrate vendor processes and mitigate ...
Best Practices for Maintaining an Approved Vendor List May 27, 2022 When utilizing vendor lists to collect, organize, and manage third-party information, it is best practice for ...
Benefits of Modernizing Your Vendor Management Process April 13, 2022 Modernizing your vendor management process can help you save time, cut costs, evaluate relationships more easily, ...
The Importance of Vendor Management March 29, 2022 Consistent vendor management empowers businesses to improve transparency and mitigate risks by tracking real-time ...
What Is a Vendor Portal? March 01, 2022 A vendor portal, also known as a supplier portal, is an integrated online platform businesses utilize to manage and ...
Vendor Risk Management & Insurance Tracking Software February 24, 2022 Risk mitigation and vendor risk management are vital to protecting your company from costly claims, and can be ...
bcs app: Automated RFPs November 30, 2021 Broadcasting automated RFPs through the BCS App can help you find new vendors with minimal time and effort.
bcs app: Integrations November 16, 2021 The BCS App integrates seamlessly with some of the most popular B2B software on the market to help you save time and ...
bcs app: Vendor Mobile App October 26, 2021 BCS Connect, the BCS vendor mobile app, streamlines onboarding and compliance for vendors through user-friendly ...
bcs app: Finding Pre-Qualified Vendors With the BCS Network October 12, 2021 Finding pre-qualified vendors is beneficial for effective enterprise risk management, but it isn’t always easy. The BCS ...
bcs app: Streamlined Vendor Onboarding September 28, 2021 Effective vendor onboarding is critical to vendor management. The BCS App streamlines the process to save you time and ...
bcs app: Unmatched Protection September 14, 2021 The BCS App provides unmatched protection by collecting, correcting and protecting certificates of insurance, ...
Franchise Management 101: COI Tracking to Mitigate Risk August 31, 2021 Careful COI tracking for franchise management to critical to mitigate third- and fourth-party risks.
Protect Your Community With COI Tracking for HOAs August 25, 2021 COI tracking for homeowners associations is essential to mitigating third-party risk, and also holds significant ...
The Basics of COI Tracking for Manufacturing August 17, 2021 COI tracking for manufacturing is essential to mitigating third-party risks associated with cybersecurity threats, ...
Why COI Tracking Is Essential for Effective Risk Management in the Healthcare Industry August 10, 2021 COI tracking for healthcare helps protect from third-party risk, including data breaches, HIPAA violations, and failure ...
What You Should Know About COI Tracking for Logistics, Transportation & Supply Chain Management August 03, 2021 COI tracking for logistics, transportation, and supply chain management businesses is essential due to third-party ...
COI Tracking To Mitigate Risk for Lending & Financial Services July 27, 2021 Due to significant third-party risk with serious potential consequences, lending and financial services businesses ...
Protecting Guests & Your Business With COI Tracking for Hospitality July 20, 2021 Hospitality businesses that work with third parties may be susceptible to cybersecurity and health & safety risks, ...
Why COI Tracking Is Essential for Your Retail Business July 13, 2021 Comprehensive COI tracking for retail effectively mitigates third-party risk and potential complications for ...
The Definitive Guide to COI Tracking for Real Estate & Property Management July 06, 2021 Property owners & managers increase their risk when they work with a new vendor, contractor, or tenants, requiring ...
The Ultimate Guide to COI Tracking for Construction June 29, 2021 Careful COI tracking for construction is especially important due to the plethora of potential liabilities and ...
Benefits & Bandwidth: Advantages to Full-Service COI Tracking June 22, 2021 Full-service COI tracking for business can accommodate changing work levels, free up staff time, save money, maintain ...
Mitigating Third-Party Risk With Compliance Analysts June 15, 2021 Working with compliance analysts can help businesses mitigate third-party risk through insurance tracking, document ...
How To Seamlessly Migrate Your COI Tracking Solution June 08, 2021 Migrating your COI tracking solution may ultimately save you hours of work, but the initial implementation process can ...
Your Complete Guide to Developing an Effective Risk Management Plan May 25, 2021 Developing and implementing an effective risk management plan is essential to mitigating threats to your business. This ...
Why Centralize Your In-House Compliance Process & Documentation? May 19, 2021 Centralizing your in-house compliance process and documentation can help you save time, conserve space, enhance ...
Vendor Screening: Know Who You're Working With May 11, 2021 Vendor screening can help reduce your liability when taking on third-party subcontractors. Depending on your industry, ...
Top Ways to Save Time With Compliance Management May 04, 2021 Strong compliance management techniques can save your staff time by simplifying inviting and connecting with vendors, ...
The Essentials of Contractual Risk Transfer April 27, 2021 Contractual risk transfer is the ability to move a risk/loss from one party to another through the language written in ...
Full-Service vs. Self-Service Insurance Tracking April 20, 2021 Full-service certificate of insurance (COI) tracking pairs software with human support, while self-service options ...
On-Site vs. Off-Site Coverage in Construction April 06, 2021 On-site insurance covers incidents at the jobsite, while off-site coverage extends to project-related incidents ...
What to Pay Attention to During a Certificate of Insurance Tracking Software Demo March 23, 2021 During a certificate of insurance tracking software demo, participants should pay attention to the interface, service ...
Achieve Compliance With Certificate of Insurance Tracking Software March 17, 2021 Certificate of insurance tracking software, such as the BCS App, helps companies achieve and maintain compliance via a ...
Signs a Certificate of Insurance Might Be Forged March 09, 2021 You may be able to identify a forged certificate of insurance through telltale signs such as missing contact ...
Limit Your Liability with Full-Service Certificate of Insurance Tracking March 02, 2021 BCS’s unique, three-step approach to certificate of insurance tracking provides the verification, security, and peace ...
What Is a Claims-Made Policy? February 23, 2021 A claims-made insurance policy traditionally covers incidents reported while it is active.
How Do I Send a Certificate of Insurance? February 16, 2021 The steps to send a certificate of insurance depend on your carrier and recipient, though traditionally required a ...
How to Tell if Your Business Needs a Certificate of Insurance Management System January 22, 2021 You should consider a certificate of insurance management system if your business works with outside contractors, ...
Do You Have Worldwide Coverage? December 15, 2020 Your insurance might not cover international exposures, putting your company at risk if you do conduct business ...
How to Review Language in Hold Harmless Agreements December 08, 2020 Hold harmless agreements (aka indemnity agreements) transfer the obligations from one party to another to absolve one ...
how bcs differs from other certificate of insurance tracking solutions December 01, 2020 BCS differentiates itself with comprehensive service, a convenient app, seamless API integrations, a dedicated team, ...
Benefits of a Full-Service Certificate of Insurance Tracking Solution November 23, 2020 A full-service certificate of insurance tracking solution can save time, ensure compliance, reduce risk, support your ...
Volatile Economy Calls for Better Risk Management Techniques November 04, 2020 Identifying and analyzing potential risks and strategizing to avoid and reduce them are critical to successful risk ...
Why Additional Insured Endorsements Are So Important October 28, 2020 Additional insured endorsements are insurance provisions extending liability protection from the policyholder to other ...
Top 3 Mistakes in RFPs for COI Tracking October 14, 2020 The three most common mistakes in RFPs for COI tracking are failure to identify the reason for tracking vendor ...
Organizing Certificates of Insurance Best Practices October 05, 2020 Organizing certificates of insurance best practices include obtaining a certificate of insurance from each vendor, ...
What Is Contractors Pollution Liability? September 15, 2020 Contractors pollution liability (CPL) is a type of insurance policy that protects contractors from pollution-related ...
You Could Face Tort Liability For Your Independent Contracts September 08, 2020 While companies assume they won’t be held liable for tort claims arising from work performed by independent ...
The Importance of Certificate of Insurance Tracking in Construction August 11, 2020 Certificate of insurance tracking helps ensure you’re protected from liabilities associated with injuries, overdue ...
What Are the Steps in the Commercial General Liability Policy Renewal Process? July 29, 2020 Collecting all pertinent information, performing a risk assessment, assessing previous renewals, and comparing rates ...
What Is a Loss Payee? July 21, 2020 A loss payee is a common insurance policy designation that names who receives payment when there’s a loss.
The Most Important Features of a Certificate of Insurance Tracking Solution July 14, 2020 Several critical features of a Certificate of Insurance tracking solution include the availability of dedicated ...
Tracking Certificates of Insurance for Free: Resources, Tools, and What to Be Aware Of June 26, 2020 The ability to track certificates of insurance for free depends on a business’ technology, needs, size and complexity, ...
The Difference Between Ongoing and Completed Operations for Additional Insureds April 21, 2020 The difference between ongoing and completed operations coverage determines how and when subcontractor insurance ...
How to Find the Best COI Tracking Solution April 14, 2020 Finding the best certificate of insurance (COI) tracking solution is a matter of identifying which ones offer the ...
How to Boost Your Claims Management Success March 09, 2020 Boost your company’s claims management success by having your own insurance policy, requesting certificates of ...
Finding Vendor Risk Management Success February 04, 2020 Working with vendors brings risks to business arrangements, including potential financial, legal and operational ...
4 Steps for Tracking Certificates of Insurance November 22, 2019 The certificate of insurance tracking process includes collection and storage, analysis, correction, and follow-ups. ...
Building Your Contractual Risk Transfer Strategy July 16, 2019 Effective contractual risk transfer strategy includes insurance requirements and the collection of documentation, ...
Increasing Your COI Compliance May 29, 2019 Clear contractual language, effective internal policies and communication, and centralized tracking are several ways to ...
What Is OFAC? March 08, 2019 The Office of Foreign Assets Control (OFAC) is a financial intelligence agency of the U.S. Department of Treasury that ...
5 Steps for Thorough Tenant Screening February 06, 2019 Thorough tenant screening includes creating tenant criteria, conducting pre-screening interview calls, collecting ...
What Does a Background Check Include? January 15, 2019 While the criteria of a background check is ultimately decided by the employer, a typical candidate screening may ...
Download the PDF 'Everything You Need to Know About Certificates of Insurance' August 28, 2018 This free, introductory resource guide to 'All Things COI' shares valuable insights and tips on tracking, improving and ...
Insurance Cancellation Notices Part 2: Endorsement Enforcement January 15, 2018 Basics of collecting and tracking Notices of Cancellation along with Certificates of Insurance from all of your ...
Insurance Cancellation Notifications Part 1: Is Notice Guaranteed? January 15, 2018 Notices of insurance cancellation are not always guaranteed. It is important to collect Notice of cancellation ...
Effectively Managing Third-Party Risk With Full-Service COI Tracking June 21, 2017 BCS can help your company reduce third-party risk with our innovative compliance management solutions. Learn how to ...
Third-Party Risk Management: Protecting Data Privacy April 28, 2015 Protecting data privacy is a critical component of third-party risk management.
The 3 Questions to Ask About Your Vendor Risk Program September 18, 2014 The 3 Questions to Ask About Your Vendor Risk Program
Contractor Focus - Florida Workers’ Comp Statute Declared Unconstitutional August 22, 2014 Contractor Focus - Florida Workers’ Comp Statute Declared Unconstitutional
Stop Reacting to Risk and Get Creative With Your Vendor Financial Screening July 10, 2014 Stop Reacting to Risk and Get Creative With Your Vendor Financial Screening
The Real Danger of Working With an Unlicensed Contractor June 20, 2014 The Real Danger of Working With an Unlicensed Contractor
The Skyrocketing Risk of Data Breach and Social Networks May 15, 2014 The Skyrocketing Risk of Data Breach and Social Networks
Up And Not Out: Current Contractor Licensing May 01, 2014 Up And Not Out: Current Contractor Licensing
The Perils of Viewing Risk Management as a "Software Problem" January 29, 2014 The Perils of Viewing Risk Management as a "Software Problem"
The High Cost of Losing Documents to Fire or Flood January 06, 2014 The High Cost of Losing Documents to Fire or Flood
The Insane Cost of US Insurance State Regulation December 19, 2013 The Insane Cost of US Insurance State Regulation
Finding Data in the Expanding Digital Haystack December 10, 2013 Finding Data in the Expanding Digital Haystack
Wrongful Termination Lawsuits and Social Media Legislation October 17, 2013 Wrongful Termination Lawsuits and Social Media Legislation
Just 1 Bad Apple Can Spoil the Bunch - and Cost Shareholders 30% of Returns August 15, 2013 Just 1 Bad Apple Can Spoil the Bunch - and Cost Shareholders 30% of Returns
$10.70 Has Never Been More Expensive For Risk Managers August 14, 2013 $10.70 Has Never Been More Expensive For Risk Managers
What Is Allowed On A Certificate of Insurance? February 28, 2012 What Is Allowed On A Certificate of Insurance?
New ACORD Form & 30-Day Notice of Cancellation August 02, 2011 New ACORD Form & 30-Day Notice of Cancellation
Should Your Vendors Carry Contract Liability Coverage? August 02, 2011 Should Your Vendors Carry Contract Liability Coverage?
Transferring Vendor Risk - A 10 Question Survey August 02, 2011 Transferring Vendor Risk - A 10 Question Survey
Get the Most From Your Full-Service Provider July 30, 2011 Get the Most From Your Full-Service Provider