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Being insured is of course the most effective way to ensure you are protected from various risks, but in certain situations, specifically when partnering with other businesses or hiring subcontractors, you need additional assurance that you’re protected. When entering into a partnership with other businesses, you open yourself up to new risks, especially if the other business/vendor/contractor etc. isn’t properly insured. This is where a certificate of insurance (COI) comes in
A certificate of insurance (COI) is a slip of paper (a digital or printed document), proving you have insurance coverage
These could be for any type of business insurance, but are most often needed for general liability or workers compensation insurance
The COI outlines details about your insurance policy including
Essentially, the COI serves as a proof of insurance so other businesses you work with know you have the insurance protections essential to minimize risks. It serves as a peace-of-mind before entering into a business agreement.
Certificates
Being insured is of course the most effective way to ensure you are protected from various risks, but in certain situations, specifically when partnering with other businesses or hiring subcontractors, you need additional assurance that you’re protected. When entering into a partnership with other businesses, you open yourself up to new risks, especially if the other business/vendor/contractor etc. isn’t properly insured. This is where a certificate of insurance (COI) comes in
A certificate of insurance (COI) is a slip of paper (a digital or printed document), proving you have insurance coverage
These could be for any type of business insurance, but are most often needed for general liability or workers compensation insurance
The COI outlines details about your insurance policy including
Essentially, the COI serves as a proof of insurance so other businesses you work with know you have the insurance protections essential to minimize risks. It serves as a peace-of-mind before entering into a business agreement.
Bonds and small business insurance are two ways to help you manage risk and protect against financial losses. Bonds are required in a variety of business and court situations, including: License and permits, Public officials, Tax bands on fuel, Cigarettes and alcohol, Utility deposits, Lost securities, Fiduciary, Judicial bonds
In some industries, clients may require surety bonds before they agree to work with your business. Surety bonds protect the client because it guarantees that your business will honestly and faithfully perform all of its duties and comply with the law. If there’s an issue, the client can file a claim with the surety to cover the costs to fix the problem. If this happens, the surety will require reimbursement from your business.
A “bonded” small business means it purchased a surety bond. When it comes to bonds, there are three parties involved:
Surety: The insurance company issuing the bond
Obligee: The party requiring the bond
Principal: The purchaser of the bond
Bonds guarantee a business will complete the work as agreed upon in a contract. Bonds cover against incomplete work. So, if a company doesn’t act honestly or perform as defined in a contract or court document, the client can file a claim with the surety.
Businesses may get bonds because it:
Can protect your small business’ reputation if something goes wrong with your client Helps meet legal requirements to do business or perform a role Shows your business is financially stable and can perform according to the contract
If you need to change or check on your policy
Terms
Add new autos/ locations/coverages
Increase your coverage
Etc…
Please contact us at (847) 628 9595 or send us an e-mail to csr@myconnectinsurance.com
Claim
Please contact us at (847) 628 9595 or send us an e-mail to csr@myconnectinsurance.com
to get help with your claim.
Claim
Please contact us at (847) 628 9595 or send us an e-mail to csr@myconnectinsurance.com
to get help with your claim.
An audit examines your business’ payroll and risk exposure. An audit makes sure you’re paying the correct amount for your insurance policy, and that you’re getting the right amount of coverage for your business.
An audit ensures your business has the right amount of your insurance coverage. Your business can change a lot from year to year. For example, if your sales increase, you may have to hire new employees to help with increased demand. Or, you may have downsized around the holiday season, so you had fewer employees at the end of the year. In either case, you may need to adjust your coverage amount based on the changes to your business.
Whatever benefits your clients need, Connect Insurance Group Inc is ready with a plan. We offer a wide-range of competitive programs that help employers support their workforce.
We’ve developed a competitive suite of products built specifically for your small business clients, backed by sales and service teams that are dedicated to helping entrepreneurs succeed.
Small doesn’t have to mean limited. We go beyond basic with a focus on serving the full spectrum of your small business clients’ needs.
We help you provide the benefits medical professionals need, with group life, disability and accident coverage
Connect Insurance Group delivers value to medical groups through specialized disability and life insurance coverage, dedicated support and claims excellence
We’re committed to crafting solutions that help meet the unique needs of physicians and medical staff
Our package features:
More flexible plan designs
Expanded limits
Upgraded services and capabilities
A wide selection of new benefits
Help your clients safeguard their employees during foreign or domestic business travel. With our Business Travel Accident (BTA) insurance
You can help your clients fulfill one of their critical responsibilities as employers: their obligation to help protect their employees’ safety when traveling somewhere on company business, whether it’s a local trip, interstate, or out of the country. BTA is specifically designed to help employers of all sizes fulfill their duty of care needs. Fully customizable, BTA can be tailored to suit the unique needs of any client’s business
MORE THAN JUST FINANCIAL SUPPORT
BTA helps to fill gaps in coverage and care for employees by combining a broad collection of valuable insurance benefits and services into a single duty of care package. The following options are a few of our available features:
• Traditional Accidental Death & Dismemberment (AD&D) coverage with fully customizable limits and payment options.
• Emergency Evacuation, Repatriation, and Out of Country Medical benefits that cover costs for the treatment and transportation of sick or injured employees – along with options to cover Security Evacuation in the event of political unrest or a natural disaster.
• Travel assistance, identity theft and Beneficiary Assist services. • Coverage extensions for spouses and dependent children while traveling on business with an insured employee.
• Additional optional benefits designed to minimize risks associated with disability, unexpected medical expenses, rehabilitation, mortgage assistance, liability, home alteration, workplace violence, post-traumatic stress, childcare, and much more.
