Smartcompliance.co

Switching Insurance Mid-Year

WEBA plan year deductible resets on the renewal date of your company’s plan. For example, if your health plan renews on May 1st, then your deductible would run from …

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URL: https://smartcompliance.co/blog/health-insurance-deductibles

How do certificates of insurance relate to insurance policies

WEBA Certificate of Insurance, often abbreviated as COI, is a document that serves as proof of insurance coverage. It is not an insurance policy itself but a summary of key information …

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Safety & Risk Management: What's the Difference

WEBThe biggest and most notable difference between safety and risk management is the money involved. Risk management takes an approach that …

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How To Decipher Fake Insurance Certificates

WEBLook for “Acord 25” The most common insurance certificate used by trustworthy insurance agencies is Acord 25. A real Acord form will have the Acord logo …

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When You Need Additional Interest vs. Additional Insured …

WEBAn additional insured is a third party that is added to an insurance policy by way of an endorsement. When somebody is named as an additional insured, they are …

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First Party & Third-Party Insurance: Understanding the …

WEBFirst-Party: The person who purchased and is named on the insurance policy. In the case of first-party coverage, this is you. Second-Party: The insurer the policy was …

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6 Common Supply Chain Risks You Should Know

WEBFor manufacturers, the supply chain is always changing, and this means risks are always evolving. This could include supplier, process, shipping, and even finished …

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Franchise Insurance: What Kind Do You Need

WEBBelow are the five most common risks and the insurance needed for each one. 1. Bringing Clients in or Sending Employees Out. If a franchise invites customers in …

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