Certificate Tracking & Compliance Management Software

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A certificate of insurance (“COI”) is a document which shows proof of insurance coverage for a given entity.

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A COI isn’t all that complicated provided you’ve chosen a reputable moving company with the right màn chơi of coverage. This is the biggest restriction when it comes lớn moving into or out of almost any NYC apartment building, especially any luxury/high-rise.

The first step is khổng lồ talk khổng lồ your building management company và obtain a sample of the COI from them. The moving company will fill it out from there. The purpose of a COI is to lớn legally protect buildings in case of damage when moving items throughout. The COI also shows proof of worker’s compensation. If one of the movers is injured on the job, the building is covered. The insurance (rather than the building management or moving company) is the one providing coverage.

The final piece to kiểm tra for is what’s generally called the “Hold Harmless” or an Indemnity Agreement. This is a more overarching agreement between the moving company & building management that officially assigns liability should any damages occur during the move sầu.

Why is a COI Important?

First off, without a COI you simply can’t move into or out of many buildings. The building won’t even let the moving company onkhổng lồ the premises without this document. The biggest differentiating aspect of each COI offered by moving companies is the insurance policy limits. Smaller companies may cover up lớn $2 million, there are certain luxury buildings that will require $10 million coverage limits. Something (incidentally) phunucodon.me can offer.

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Pro-Tip: Your building may not require $10 million in coverage. It adds an extra layer of safety knowing these hyper-luxury buildings allow only certain companies lớn vì chưng moves inlớn & out of them. Wouldn’t you want the same company that is able khổng lồ carry out moves at this cấp độ moving your prized possessions?

While this doesn’t apply lớn all buildings, some require a COI just lớn reserve the elevator in your building for a time slot lớn perform your move within the building. We recommover reserving this elevator as in advance as possible to make sure you will be able to get your things khổng lồ the new location on time và avoid any fees for moving after-hours from either building.

Finally, the COI must be approved (generally based on the level of coverage) by the management or board in the building. While this all may seem complex, your building management & a reputable moving company are generally happy to cut through the jargon và make sense of it for you.

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Other Building Restrictions

Aside from elevator restrictions and Certificates of Insurance, moving to/from a luxury building generally has other restrictions. For example, the day of the week plays a large part. Most of these buildings don’t allow moves over the weekover.

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When performing moves in upscale buildings caution is of utmost importance. We make sure the building isn’t damaged during the by placing floor and wall protection wherever needed! Getting a reputable moving company could not be more important here. The best companies will have already had experience moving in luxury buildings và underst& the nuances of them. Moving companies have sầu relationships with management to make sure every aspect of the move is done professionally.

If you’re unsure about any part of moving that requires a COI, you’re now armed with some extra knowledge. How to lớn navigate yet another aspect of the stressful moving process! If you want more information on how to pichồng the right moving company we have a great blog article on just that topic! Feel không tính tiền to lớn give phunucodon.me Moving a Call with any questions, và we’d be happy lớn help!