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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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Hate Bugging Contractors For Certificates of Insurance? You’re Not Alone.
Believe it or not, our team understands how difficult and frustrating it can be to constantly be asking contractors for their certificates of insurance. And we also can relate to the frustration you experience when it seems that the certificate is never right the first time. In fact, it might even take 2-3 attempts (at […]
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A Bad COI Communication System Can Cost You More Than You Think
When it comes to certificate of insurance (COI) tracking and all of the processes that go along with ensuring compliance for subcontractors or 3rd party vendors, missing an important element can be detrimental to your company’s financial health and future. In addition, your compliance staff may be unintentionally wasting time by using various manual systems, […]
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