How to Read a Certificate of Insurance: Everything You Need to Know + Downloadable PDF
In this guide on how to read a certificate of insurance: —Why You Need to Know How to Read a Certificate of Insurance —Getting Started —Policy Basics —Policy by Policy —Additional Information —Bonus: How to Read Endorsements Why You Need to Know How to Read a Certificate of Insurance Certificates of insurance play a pivotal […]
The Jones Insurance Insider #8: Dangerous New York Labor Law Exclusions in Vendor Insurance Policies
Here’s a nightmare New York Labor Law scenario we recently heard from a risk manager for a New York-based real estate company: A vendor’s employee fell off a scaffolding while working on the facade of a commercial property and was injured. Even though they received workers’ compensation they filed a lawsuit against the property owner. […]
Top 3 myCOI Alternatives for Efficient COI Tracking
In this guide, we’ll dive into the strengths and weaknesses of the myCOI platform for COI tracking, as well as analyze the pros and cons of three myCOI alternatives: Jones, Ebix, and Docutrax. Here’s a quick recap: —Jones is known for its quick document review times (under 24 hours), as well as experience reviewing complex […]
The Jones Insurance Insider #7: How One Owner-Operator Cut Their Insurance Noncompliance In Half with Three Suggestions
These Three Simple Suggestions Helped One Owner-Operator Cut Their Insurance Noncompliance In Half It’s a scenario many property management teams are all too familiar with– insurance compliance rates remain stuck in place in spite of your best efforts to collect and review tenant and vendor COIs. This happened to one New York-based owner-operator after bringing […]
We Compared 5 Subcontractor Prequalification Software—Here’s What We Found Out
Our analysis of subcontractor prequalification software was based on publicly available reviews on websites like G2 and Capterra, as well as testimonies and quotes from current and former customers. Our reviews analyzed the following: –Ease of use for GCs and subs –Ability to quickly tackle all key components of prequal, including subcontractor insurance compliance, company […]
The Jones Insurance Insider #6: A Deep Dive Into Property Insurance
Last month we held a webinar called “To Waive or Not to Waive: A Crash Course on Insurance Policy Gaps and What They Mean.” We discussed handling common insurance gaps property managers run up against every day. Catch the full replay of the webinar here. We got a lot of questions about Property Insurance: what […]
Comparing Eight Third-Party Insurance Tracking and Verification Softwares: Here’s How You Can Pick the Right One
Picking the right third-party insurance tracking and verification software for your organization comes down to a few factors, including features, insurance expertise, and pricing. Today we’ll go over some FAQs about how to select a third-party insurance tracking and verification software, then dive into a high-level overview of eight solutions currently available. Let’s get started. In […]
We Compared 3 Trustlayer Alternatives. Here’s The Best Tool For GCs
We compared three Trustlayer alternatives, looking for a COI tracker that was better than Trustlayer at: -Collecting and reviewing subcontractor COIs and endorsements -Providing actionable risk management data -Syncing data with Procore and GC accounting systems like CMiC and Sage -Allowing risk professionals to waive, send, or accept coverage gaps We’ll dive into full summaries […]
We Tested the 3 Best Subcontractor Compliance Management Software Tools — Find Out Which Came Out on Top
Here’s the criteria we evaluated each subcontractor compliance management tool on: —Product Features —Industry Specializations —Customer Support —Integrations —Quality of Insurance Review The Final Verdict —Jones is the top overall subcontractor compliance management tool, with the highest standards of document review, frictionless no-login document uploads, and the only embedded Procore integration (read more about embedded […]
5 Insurance Compliance Strategies to Improve Construction Accounts Payable
At Jones, we collect and review COIs and endorsements for ENR 400 GCs. We asked accountants at customer GCs including Manhattan Construction, Harvey-Cleary, and Bogard Construction for strategies to reduce manual effort and expedite their insurance compliance process to improve AP. Here’s the quick rundown of what they shared with us: Key Takeaways: Use Global […]