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. ...