Increase Compliance and Lower Risks with our Proactive Approach to COI Management
Effectively overseeing compliance with certificates of insurance (COI) demands significant time and effort due to its intricate nature. Nonetheless, this task is indispensable for mitigating risks and safeguarding your reputation.
Consequently, an increasing number of network managers are opting to delegate the management, functions, and processes associated with certificates of insurance to seasoned professionals. Engaging in COI management services through PlusOne Screening Solutions can play a pivotal role in lowering costs while ensuring your company stays current with vendor statuses and can furnish evidence of coverage when needed.
Key Benefits of Professional COI Management
Gives you the ability to review documents at your fingertips. Documents are stored electronically so you are not chasing after paper copies from insurance agents or companies. With online management you can review historic data and have up-to-date insurance status per company or contractor including coverage details.
By using our quick and user- friendly upload tool, you can upload any certificate of insurance within seconds.
Certificate of Insurance (COI) tracking involves verifying coverage details, ensuring compliance, and utilizing our top of the line software automation to streamline tasks, reduce errors, enhance efficiency and mitigate risks for your business and organizations.
Reduce Costs associated with admin, insurance and claims. The time and resources you devote to taking on the task of managing your certificate of insurance in-house can increase rapidly. When you partner with PlusOne Screenings Solutions, you will see a total program cost reduction of associated admin costs because our dedicated team of insurance experts and automated process work together to create efficiencies. Improve compliance rates across your network.
The entire goal of COI tracking is to protect yourself and your business, so why risk handling that yourself? Improperly handling your COI management can increase your risk of working with vendors or contractors that could potentially burn you down the line and may have a negative impact on your reputation.
With our top-of-the-line software, our automation feature allows some COIs to be updated within seconds. Due to the complexity of COIs you can count on a team of trained professionals to ensure accuracy and process COI’s within 48 hours.