Risk Toolbox Launches Free COI-Related Compliance Resource for the Insurance Industry

Risk Toolbox (Parsippany, N.J.) announced at ACORD 2016 in Boca Raton, Fla., that it has published more than 200 pages of certificate-of-insurance (COI) related information on its website in order to provide a compliance resource for carriers, agents and brokers. The new resource, The Docutrax Resource Center, addresses the difficulties associated with CIO related to emerging state law, regulation and court rulings, which can lead to potential errors-and-omissions exposure. “We work daily with any number of situations where questions arise regarding some element of the COI, its language or the underlying contract,” comments Martin D. Mick, CEO, Risk Toolbox. “In our own research we realized that there is no organized collection of CIO data for our industry to reference. So we built it.”