Teach Your Compliance Staff to Mitigate Risks with Risk Management Software Any part of a successful risk management program is teaching your compliance staff to mitigate risks with risk management software. We are looking at how manual compliance document processes can lead to risks and how proactive employees use risk management software. Keep reading and discover Read The Full Article →
Why Do Successful Companies Invest in a Risk Management Software? Many successful companies are investing in risk management software as the number of business risks continues to rise. The change from secure offices with private networks to working from home Wi-Fi signals surely plays a big role in the increase of business risks. It also Read The Full Article →
5 Risk Management Mistakes Your Company Should Avoid At All Costs Risk management is one of the most important aspects when running any business. Many organizations understand this, but few have sound approaches to avoiding risks. The reluctance to develop a strong risk management plan stems from the constantly changing nature of new risks and Read The Full Article →
6 Ways Certificate of Insurance Tracking Software Saves Time When you think about your Certificate of Insurance (COI) tracking process, do you imagine a slow and manual workflow that consumes time, effort, and money? Thanks to innovative technology and software development, this became the old way to handle insurance requirements. Regardless of the industry you Read The Full Article →
6 Types of Tech That Have Improved Construction The construction industry is one of the world’s largest economic forces and generates trillions of dollars every year. In the last decade, there has been a disruption between the traditional way construction runs and the technological advancements making their way into the business. Unlike other industries, such Read The Full Article →
9 Weather Risks Needed in Your Risk Management Plan The risks caused by extreme weather have a significant impact on the risk management plan of any company. According to Deloitte Risk Management Financial Advisory, “a majority of US state insurance regulators expect all types of insurance companies’ climate change risks to increase over the medium Read The Full Article →
The Benefits of Self & Full-Service Solutions When Tracking Compliance Documents Thanks to our Self-Service software offering and Full-Service solution for tracking certificates of insurance (COIs), we have seen it all! In fact, we can assure you that the task of manually tracking compliance documents does not have to be tedious and frustrating. Due to Read The Full Article →
How to Achieve Contractual Risk Transfer Achieving contractual risk transfer happens when the language in a non-insurance agreement excuses one party from financial or legal responsibility. These scenarios often include specified actions, inactions, injuries, or damages. As a basic rule, one party agrees to indemnify and hold another party harmless in a contract. When your Read The Full Article →
The Impact of Ratings when Searching for an Insurance Company When deciding which insurance carrier you want to go with, what is the most crucial factor you consider? Is it coverage? Price? Experience vs recommendations? You must explore all these avenues when finding the right provider for your organization. Out of all the questions you Read The Full Article →
Why do Prisons need Insurance & what kind? The COVID-19 pandemic created a difficult situation for prisons in the United States. With limited resources, jails and prisons all over the country struggled to keep up with outbreaks of cases among inmates. These situations have led to a concern for wardens on what insurance policies prisons Read The Full Article →
