Self-Insured Retention & Commercial General Liability Policies
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?
Commercial general liability (CGL) is a type of insurance coverage that protects a business from risks such as bodily ...
What Is Vendor Compliance Software?
Vendor compliance software is an integrated platform enabling businesses to communicate with, hire, and track ...
What Is Workers' Comp?
Workers’ comp insurance helps pay for an employee’s medical care, lost wages, rehabilitation, and other expenses ...
What Is General Contractor Insurance?
General contractor insurance covers contractors in the event of on-site injuries, equipment damage, litigation, and ...
Certificate Holders & Additional Insureds: What's the Difference?
Certificate holders possess proof of insurance on commercial general liability policies, while additional insureds are ...
What's the Difference Between Indemnification & Insurance?
The main difference between indemnification and insurance is that the former represents the process of transferring ...
Contract Management & Contract Review
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?
ACORD is a global non-profit known for its standardized certificate of insurance (COI) forms. These streamlined ...
What Is Self-Insurance?
Self-insurance involves setting money aside for a potential loss instead of purchasing a third-party insurance policy. ...