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Do You Have Confidence That Your Compliance Staff Can Make Million-Dollar Decisions?
You know how important ensuring compliance of all your contractors and 3rd party vendors is to the ongoing success of your organization. One simple mistake or an overlooked item or unchecked policy could mean thousands of dollars in legal charges. As a leader, you need to have complete confidence that your team will make the […]
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Do You Know Your Certificate of Insurance Compliance %? You Should.
How confident are you when it comes to knowing your insurance compliance percentage for certificates of insurance? If you’re like most COI administrators or compliance managers, you probably don’t even know where to find this information, let alone know it off the top of your head. Understanding all of the nuances of insurance coverage, financial […]
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It’s Time to Reclaim Your Desk From Insurance Certificate Paperwork
Not only are insurance compliance staff members usually tasked with multiple jobs and responsibilities on top of collecting and reviewing each and every certificate of insurance they receive, but on top of that, most are using an old-school manual process that simply doesn’t scale. Compliance staff at organizations of all sizes and across all industries […]
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Agencies and Brokers: Set Your Business Apart With Certificate of Insurance Software For Agencies
Is your agency looking for a way to differentiate services or add value to existing clients’ accounts in order to keep your retention rates high? Agencies that offer certificate of insurance tracking solutions for their insureds are finding a unique way to differentiate through the service-oriented approach. As your agency is well aware, managing certificates […]
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Manually Tracking Certificates of Insurance Is More Expensive Than You Think
When you think about your certificate of insurance compliance review process, you probably think of the costs associated with the staff member who verifies each certificate and ensures each vendor or contractor is compliant. If they spend 15 minutes per 3rd party vendor or contractor, that’s more than ample time to properly verify each certificate […]
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Do You Know Your High Risk Vendors? How Can You Protect Yourself?
Certificate of insurance tracking may not be the most glamorous role in your organization, but you can be sure that without taking the proper steps to ensure compliance, your organization may be at huge risk. Needless to say, it’s vital to ensure your process is tight and that you aren’t leaving gaps or turning a […]
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