Insurance Certificate Management
Typically, insurance certificate management takes a backseat to creation of leases and contracts pertaining to liabilities – that is until a loss occurs. This often overlooked function is just as crucial to the success or failure of a company as the tens of thousands of dollars spent on legal liability precautions. Companies often taking for granted the high volume of certificate holders on their main policies as well as the fact that for each that each risk transfer proof of insurance must be readily available.
At Swingle Collins & Associates, we are dedicated to providing our clients with the most accurate and reliable information in certificate management. We see certificate tracking as a service that is both a vital necessity and a daunting logistical challenge for most companies.
As a result of outsourcing this crucial responsibility to our certificate services program, clients are able to conduct daily operations with a high degree of confidence that all the risk protection measures in place are adequate and truly in full force.
Most organizations have controls in place to ensure compliance as part of the contractual process. However, they do not often have mechanisms to follow up on certificate expirations and on-going contractual compliance. Swingle, Collins & Associates’ certificate management system does just that.
Our clients’ require meticulous, on-going monitoring of their vendor’s coverage to avoid gaps or deficiencies in coverage that could prove devastating to their business. This process involves collecting and analyzing certificates, following up with vendors for proper coverage as well as ensuring compliance with contractual provisions and various statutes.
Through our online program, Swingle Collins & Associates is able to offer each of our clients monitored certificate management for expiration, amounts, additional insured, and endorsements.
Through our certificate services page, automatic renewal requests are generated, discrepancies are communicated, and instant reports of compliant and non-compliant vendors are processed – all of these services provide our clients added perspective on vendors they conduct business with and aid in reducing future risk exposure.