Best Practices
Certificates of Insurance (COI) and Beyond: The Basics of Assessing Third Parties’ Insurance
As third-party risks grow, evaluating vendor insurance coverage is a critical part of effective TPRM oversight. This paper highlights best practices for assessing, validating, and monitoring insurance protections, emphasizing collaboration, clear contractual expectations, and alignment with actual risk exposure. Key areas of focus include: – Partnering with internal insurance leaders to understand required coverage types […]