How Certificate of Insurance Management For Roadside Assistance Saves Your Company Time And Money

COI Management | May 3, 2023

Managing COIs can be a full-time job, and when you’re operating a business, time is money. Our certificate of insurance management for roadside assistance services can help your timesheet and bottom line.

A Certificate of Insurance (COI) contains the insurance policy information of your contractors so you can verify they have active insurance coverage, the coverage meets the requirements in their contract or agreement, and the coverage is adequate for the work they perform and associated risks. 

Why You Need A COI

When you require a COI, you are taking steps to protect your organization from costs associated with lawsuits or contractor accidents. In the case of a roadside assistance service, verifying insurance coverage through COI management can protect your organization if an operator damages a vehicle, or a customer files a lawsuit against your company, claiming your contractor caused damages or injury.

Choosing to outsource your certificate of insurance management for roadside assistance transfers the responsibility of keeping up with the documentation from your internal team and over to industry experts. PlusOne Solutions knows that you need to efficiently, quickly, and accurately process all your compliance documentation to ensure that your contractors and vendors are compliant when providing services to your customers. 

How COI Management For Roadside Assistance Saves You Time

Roadside assistance needs to be available anywhere your customers travel. A large, geographically-dispersed contractor network allows your organization to provide this service to customers nationwide. Using such an extensive vendor network means you have many contractors to keep track of. Some companies try to have in-house employees handle their COI processing. Having PlusOne as your dedicated partner allows your employees to focus on their normal duties while leaving COI management to us.

Our COI management team has decades of experience working with insurance companies and is skilled in handling insurance policies and highly familiar with the associated documents. We have the advantage of the efficiencies created by constant updates to our systems and our processes that only a COI tracking vendor can provide.

How COI Management For Roadside Assistance Saves You Money

You risk a financial loss if your contractors do not have the proper insurance coverages. Your service technician could damage a customer’s vehicle. A customer could file a lawsuit claiming damages. A vehicle could be stolen – there are many ways that partnering with contractors that are under-insured can cost you money.

Like other outsourced tasks, when you outsource your COI management to PlusOne Solutions, the investment is a fraction of what it would cost to hire a COI management team in-house. When you partner with us, you won’t need to vet, train, or manage employees. Bottom line: we can save you time and money.

Additional Benefits Of COI Management From PlusOne Solutions

Other than saving you time and money, partnering with us offers several other benefits, including: 

A streamlined COI management process with a centralized system – Our efficient COI management system takes the responsibility off your shoulders and puts it into the hands of our compliance specialists.

Improved compliance rates across your network – When our professional team of COI management experts handles your compliance needs, you will see an overall increase in productivity and compliance.

Why You Need PlusOne Solutions As Your COI Management Partner

When you have the experienced team at PlusOne Solutions handling your certificate of insurance management for roadside assistance, you can trust that you are doing everything possible to mitigate your legal liability. Contact us today to get started.

Contents are provided for information purposes only and should not be construed as legal advice. Users are reminded to seek legal counsel with respect to their obligations and use of PlusOne Solutions services.

About PlusOne Solutions

PlusOne Solutions has been an industry leader in the risk management field by specializing in compliance programs that meet the complex challenges of geographically dispersed contractors, vendors, and employee networks. PlusOne Solutions protects companies from possible financial, legal, and reputational risks associated with contractor and vendor relationships while creating safer work environments. To learn more, visit https://www.PlusOneSolutions.net.