What’s the Difference Between a Loss Payee & an Additional Insured?
Although both are entitled to insurance benefits, loss payees receive property loss coverage while additional insureds ...
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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 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 ...
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 a Certificate of Liability Insurance?
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?
AM Best credit rating agency scores insurers’ creditworthiness on a scale of A+ to D to measure insurance-related risks ...