In the construction industry, presenting a Certificate of Insurance (COI) is often required by clients to ensure that you have insurance coverage to complete the job as defined in the signed contract. The Certificate Of Insurance (COI) document is proof of insurance, typically provided on an ACORD form. It summarizes coverage details about your policy,…
In a recent update that might stir conversations within the insurance sector, State Farm General Insurance Company, based in Bloomington, IL, has seen a significant adjustment in its financial ratings. AM Best, the global credit rating agency with a focus on the insurance industry, has recalibrated State Farm General’s Financial Strength Rating (FSR) from an…
Large commercial construction projects are intricate endeavors that involve many moving parts, each contributing to the project’s overall success. Among these critical components, ensuring subcontractor compliance stands out as a complex challenge. In this article, we delve into the main reasons why tracking compliance of subcontractors on large construction projects can be a daunting task.
This is an article explaining the important of certificates of insurance. to manage risk on construction projects
