Why You Should Ditch Painful Manual COI Issuance Processes For large construction subcontractors and suppliers, issuing Certificates of Insurance (COIs) is a huge undertaking. Manual COI issuance processes are frustrating, error-prone, and keep you from focusing on what matters most, doing a great job at completing a project. If you’re an administrator in charge of Read The Full Article →
The Top Five Benefits of Using Certificate Tracking Software Keeping track of your vendor certificates of insurance (COIs) with Excel spreadsheets and random notes in various places are, if not impossible… difficult. It’s time for you to learn the benefits of certificate tracking software. This manual system is time and energy-consuming to manage, and things Read The Full Article →
How Franchises Can Increase Compliance to 95% with Certificate Tracking Software [Case Study] If you’re a franchisor, you have to manage a good number of Certificates of Insurance (COIs). The best way to do this is with certification tracking software. Your Franchise Disclosure Document (FDD) requires all your franchisees have insurance coverage. The high level Read The Full Article →
COI Tracking Software vs. Manual Tracking Methods Have you evaluated your certificate of insurance (COI) tracking solution? Is it tedious? Time-consuming? Causing expensive errors? Perhaps your current COI tracking processes are manual or conducted by a risk manager with little insurance expertise. The manager uses a COI tracking template in Excel, produces paper printouts, and Read The Full Article →
The Top Four Types of Construction Claims and How to Effectively Prevent Them Construction claims are a hassle and can lead to a lengthy litigation process, or worse, bankruptcy. The reality is that construction projects are complex, fast-paced, and involve many subcontractors and third parties. This creates many instances in which an insurance claim can Read The Full Article →
The Importance of Collecting & Reviewing Endorsements Having an effective system for managing COIs (certificates of insurance) and understanding your insurance policies is critical to mitigating risk for your company. But, tracking COIs and collecting and reviewing endorsements by hand is difficult and time-consuming, which leads many insurance professionals to put off or overlook these Read The Full Article →
SmartCompliance at RIMS 2019 What is RIMS? The Risk and Insurance Management Society, Inc. also known as RIMS is a global network with over 10,000 members from countries around the world. RIMS holds an annual risk management conference for risk professionals involved in all fields of business. At these conferences’ attendees have the chance to Read The Full Article →
Increase Client Compliance by 60% With COI Tracking Software [Case Study] For decades insurance consultants have searched for solutions to ease the pain of compliance and monitoring for their clients. The use of Excel Spreadsheets, Outlook Email, and Calendar reminders to track COIs (certificates of insurance) for clients have become a thing of the past Read The Full Article →
3 Technology Features That Help Effectively Review COIs and Avoid Costly Claims Dealing with COI’s (certificates of insurance) is a dangerous game if you aren’t equipped with the proper tools to do so in both a prompt and correct manner. Technology is always being developed to improve processes and streamline issues most people face, no Read The Full Article →
Artificial Intelligence: How to Harness It to Improve Insurance Compliance What is artificial intelligence? Have you ever asked Alexa to play your favorite song or had Siri give directions to the nearest coffee shop? Well then, consider yourself one of the millions of Artificial intelligence (AI) users! But, what is AI? AI stands for Artificial Read The Full Article →
