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 ...
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, ...