Looking for a Sample Risk Management Plan Template?

myCOI brings certificate of insurance compliance management to a whole new level. We protect your company against the risk of underinsured claims, costly litigation and failed audits.

Best Certificate of Insurance Tracking Software

Automate Your COI Tracking

There’s no more need to worry about stacks of certificates cluttering up your office or hours of frustrating phone calls and emails to chase down certificates. myCOI Central provides your company with a solution to automate your insurance certificate requests, collection, and compliance resolution, while also giving your team a single, centralized repository to view compliance.

Protect Your Business From Costly Claims

Ask your CFO or Risk Manager just how much claims and lawsuits can cost your business. If you are collecting certificates just to confirm they were received, you have no guarantee that your requirements are being met. myCOI Central is built on a foundation of insurance industry logic to ensure you remain protected with the appropriate coverage.

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Win business and boost retention by providing agency branded, industry leading insurance tracking software to your insureds. Offer software only or add on your own compliance review services.

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What Our Customers Say

OUTSTANDING!! In my opinion, this has been the best program I’ve had the pleasure of using. From all the services provided within the program and the exceptional customer service, this has made my job duties very manageable. I cannot say enough good things about this program. I highly recommend it!

Having one place for our customers to upload their insurance certificate makes tracking insurance certificates much easier. We use to internally file and collect insurance certificates from customers and it was a challenge to collect all of that paper and to effectively track the insuarnce certificates.

We switched to myCOI from another insurance tracking system because we were looking for a more involved vendor that could do more for us than just track certificates. We needed help with compliance and having a system that could contact vendors and keep on them until they became compliant with insurance. myCOI does this for us and we have very few non-compliant vendors compared to the number we had in our last system.

The product has met our expectations in that it has allowed us to regain some time that was previously spent doing all of the administration of insurance cert requests, reviews and acceptance. With that, we have been able to reallocate resources to more pressing business needs rather than insurance certificate management.

Our clients are thrilled with myCOI and how their compliance levels have been elevated beyond expectations. The reports and analytics are so valuable in measuring activity and compliance achievements. The system functionality is easy to use. The team are true partners.

MyCOI is a very great portal, a space where to keep organized all our certificate of insurance for our vendors. With the advantage that are online, always accessible and no paper backup is needed.Once you learned how to navigate into the portal and how to use the report tab you will have a world opening to you. In just one place you can access all the vendor information, policy expiration date, non-compliant policy line and see the last date when a document was updated.Our Senior Client Success Manager, [sensitive content hidden], she is always on top of our requests, and she replies promptly.

MyCOI has been a fantastic partner for our company. With frequent meetings with our dedicated account manager, ongoing communication, and the ability to customize our insurance needs with precision, we’ve seen exceptional outcomes throughout our portfolio. [sensitive content hidden] has provided invaluable assistance, and the review team is exceptionally competent and amicable, even when we inundate them with urgent requests. Overall, it’s been an excellent experience, and we’re eagerly anticipating our continued collaboration with them.

myCOI has helped our company go from drowning in unreviewed cois to getting our insurance review under control. Their team has been an amazing support and resource, and helped us to navigate the Essentials program, later transitioning to Concierge service as the workload was more than our team was able to manage. The beauty of this platform is that it provides a single, central hub for clients, agents and vendors to access, update and communicate. Every myCOI team member with whom I have worked has provided excellent service, been pleasant, knowledgeable, and provided quick response times. The quarterly meetings are beneficial to recap what is going well, where we need to improve and have questions answered. I highly recommend myCOI.

myCOI provides amazing custom support and they make the platform very easy to navigate. The myCOI team is always very helpful and quickly responds to my questions or goes out of her way to direct me to the correct team member who is able to assist me.

myCOI has amazing customer support. Our account representative meets with us quarterly to keep up-to-date on how our group is feeling about utilizing the system and interfaces with us day-to-day, as needed, to address any issues we encounter with agent notes, reviews, etc. It has been an incredibly efficient and beneficial relationship since day 1.

The myCOI platform has been so easy to work with from multiple angles. Because there are multiple stakeholders, we are all notified and kept in the loop if there are any COI tracking issues that need to be revised.

Sample Risk Management Plan Template

As a risk management team, you and your group need a comprehensive risk management plan. They say if you aim at nothing, you’ll hit it every time. That’s why to hit your goals and achieve tactical objectives, you may want to consider looking for a sample risk management plan template. These templates are available on various sites and can help jumpstart you on your journey to building up a full risk management strategy. Finding a project risk management plan example and using it to build an overarching risk program can be a great way to help your team understand the risks that impact your company and, in turn, discover the ways to prepare to mitigate those risks. A risk management plan template free comes in many forms, PDF, MS Word, or even Excel. If you choose to opt for the risk assessment template Excel download, what you’ll receive is a spreadsheet with various worksheets and cells that enable you to describe the projects in detail and rate the risks by their importance or priority. A risk management plan template Excel is best if that is the program you are most familiar with. Today, we’ll discuss a variety of different programs these sample templates come in and how they can be helpful for you. 

When you look at any plan like this, you’ll quickly notice that there are a few standard risk management plan steps that you need to take as a team. The first is to understand and identify what risks pose a direct threat to the company. The second step is to figure out how those risks could impact the company. Risks can be rated according to their potential impact – physical, financial, brand, or legal. Physical risks cause harm to physical assets such as their people, equipment, vehicles, or buildings. Financial risks are exactly what they sound like, risks that specifically affect a company’s bottom line. Brand risks are those which may cause the public to view your company and its brand in a negative light. Finally, there are legal risks. These are risks that can get you in trouble with the law if you don’t manage them. The next step is to evaluate the risks for their statistical significance. After that, you’ll want to develop plans for how to mitigate all the risks you’ve identified. Finally, you’ll monitor and review the risks periodically to ensure that all is well. A risk management plan template Excel can help you do this, but you could also download a software project risk management plan example PDF if that works better for you. 

Risk Management Plan Template Word

Instead of Excel, you may prefer to find a risk management plan Word. In this case, the risk management plan will be organized more in the form of a report. Other than a slightly different format, the basic information would still be the same. A risk management plan tool like this can help you to develop a high-quality and effective risk management strategy. 

One risk that is both legal and financial is known as a certificate of insurance (COI) tracking. As a risk management team, you’ve probably been overwhelmed at times by the number of these important documents coming in that need to be properly managed and tracked. If even a single mistake is made in verifying these certificates, your business could be in for a deal of legal trouble. These COIs are given by third-party contractors and prove that the contractor has the correct insurance, thus protecting you from liability issues. However, it can be difficult to manage large volumes of COIs. Fortunately, there’s a solution. myCOI takes care of the everyday tasks of managing COIs so that you can get peace of mind that your company is safe against the risks associated with underinsured claims, costly litigation, and failed audits. 

Risk Management Plan Example PDF

As you work through your risk management goals, it may be helpful to download a risk management plan example PDF. This can help you as you learn how to write a risk management plan. There are a few basic characteristics every risk management plan should take into consideration. First of all, every risk management plan should include the main steps we have already described. Second, the risk management plan should embody the overall principle of risk management – that companies should try to control future outcomes as much as possible by being proactive instead of reactive. The idea is to take what actions you can to mitigate risks as much as possible so that you can secure your business against those risks. For example, instead of waiting for your team to make a mistake in the complicated COI verification process, it would be better to proactively work with a company that can help you manage these risks by doing the heavy lifting for you. That’s exactly what myCOI offers. 

When looking at a risk management plan example construction PDF or a risk management plan example for business PDF, you should see common risk principles across the board. You should also see a place in the plan to account for the use of third-party software and services that can make the risk management process more efficient. For example, a simple firewall system can protect your company’s network from certain risks and can be used as a cloud-based third-party solution. 

Risk Management Plan Template Free Download

Risk management plan templates don’t have to be expensive. You can fairly easily find a risk management plan template free download. These templates are yet another way to help you build your strategy. One important aspect of a risk management plan is that it should do more than just identify certain risks. A good risk management plan template doc will provide spaces to calculate the actual statistical likelihood of these risks occurring. Obviously, there are a nearly unlimited number of risks in an uncertain world. However, what a business needs to focus on are just the risks that have actually been statistically shown to be reasonably likely to occur. A risk management template Excel free download may have these formulas all prepared to go so that all you’ll have to do is do the research to find out the statistical likelihoods. The spreadsheet can then perform the calculations and organize the risks by highest priority. Risks need to be managed in priority order like this. Because there are often so many risks, companies need to be able to focus on the ones that matter most, before moving on to the smaller ones. Finding a risk management plan template can be helpful for you as you are on your risk management journey. 

Risk Management Plan PDF

Instead of just a template, you could also find an example risk management plan PDF. This would be a risk management plan from the past that a company actually implemented. It can be helpful to understand how others have done it before so that you are more prepared to understand how to practically implement good risk management principles. Looking at examples can help you to discover how to write a risk management plan. Sometimes, risk management plans are built for specific projects. You can then look for a project risk management plan PDF as an example to help you build a risk management roadmap for your specific project. Like with the other risk management plans we’ve discussed, it’s important to ensure that you are following all the risk management best practices. In business, risk management should be continuous and rigorous. You don’t want to leave something as important as risk management up to chance. That’s why whether you are downloading a risk management plan example construction PDF or a risk management plan example for business PDF, you want to make sure that you are unlocking ways to actually mitigate risks and protect your company. As we’ve mentioned, looking for either a risk management plan template doc or risk management plan template PDF can also be a great way to get inspiration for building your risk management strategy. 

Risk Management Plan Example For Business

In business, risks are everywhere. That’s why finding a risk management plan example for business is a good idea. Creating a business risk management plan is not easy, nor can you accomplish good risk management overnight. That’s why many organizations look for an example risk management plan sample. Why try to reinvent the wheel? Other companies have walked this walk before. Depending on your industry, we recommend finding either a risk management plan example construction PDF or a risk management plan example for business PDF and using them as a reference to build your risk management business plan. 

Risk Management Plan Template Free Word

Many businesses are tight on cash and don’t have a lot of free capital to invest in things like risk management plans. Fortunately, it’s fairly easy to go online and download a risk management plan template free Word document. A risk management plan template doc like this can help you to identify important risks that your company might face. 

One risk that should be included in any risk management template Word document is the risk of invalid third-party certificates of insurance. If your company hires a third-party contractor whose COI is invalid, you could be liable for anything that happens involving them on a project. That’s a risk your company can’t afford to take. The answer is to use a service like myCOI. We are experts at managing COI so you can focus on the strategies that matter to growing your business. 

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