TrustLayer: All about proof of insurance

“Maybe [it’s to] track that the subcontractor coming out of a job site has certain [insurance] coverage of a certain license … and then often companies will have to validate that their counterpart has certain insurance, like are they actually a plumber in this country,” Fohr said. TrustLayer incorporated about four years ago but officially … Read more

Insurance binder – when is it necessary to have one?

What is an insurance binder? The International Risk Management Institute (IRMI) defines an insurance binder as a “legal agreement issued by either an agent or an insurer to provide temporary evidence of insurance until a policy can be issued.” The institute adds that this type of document should indicate the definite time limit of validity, … Read more