4 Reasons To Partner With A Certificate of Insurance Tracking Company For Your Roadside Assistance Provider
COI Management |January 28, 2023
If your organization is thinking of using COI software to manage insurance certificates held by your roadside assistance professionals, think again. Here are four reasons why using a certificate of insurance tracking company will give you peace of mind.
When you offer roadside assistance, you need to keep customers satisfied and safe. When a customer is stranded on the side of the road and contacts your roadside technicians for assistance, you need to be sure that your organization works with roadside assistance providers who are fully-licensed and insured. Not only does this help to keep your customers safe, but it also protects your reputation.
But managing certificates of insurance, or COIs, can be a full-time job in itself. There are plenty of software options for managing COIs but real peace of mind comes from partnering with a certificate of insurance tracking company for roadside assistance like PlusOne Solutions. Here’s what we offer that you won’t get from a computer program.
When you partner with a COI tracking company like ours, you will automatically reduce your business’s exposure to underinsured and uninsured service personnel and vendors. We will ensure that your contractors have current insurance coverage and we will be proactive in continuing to verify this information.
This helps you to avoid financial and legal risks created by uninsured and underinsured contractors that can leave your organization financially liable for any incidents or accidents.
Spending precious hours managing your COI software takes resources away from your employee’s core roles. The time and resources that must be devoted to handling COIs in-house can be costly. Handing over the responsibility of managing this task will free up staff time to focus on your business.
When you partner with PlusOne Solutions, you will see a reduction in administrative costs because our dedicated team of insurance experts works with our automated systems to create an efficient workflow. Our system decreases rejected insurance-related claims which also saves you money.
PlusOne brings years of experience and exposure to hundreds of thousands of COI documents to bring best practices to your workflow.
Minimized Operational Disruption
When you are facing a non-compliance issue, it can cause operations to grind to a halt. If you need your contractors to comply with the terms of their contract and they are not in compliance, it can leave your organization with no contractor.
At PlusOne Solutions, we are proactive in our collection of COIs, contacting the contractor on a cadence before the insurance is set to expire. This allows us to get an updated certificate on file and gives us time to take action if the coverage does not meet your organization’s requirements,
Improved Compliance Rates
You will see improved compliance rates because our experienced professionals know how to do the job correctly the first time. Our team ensures that uninsured and underinsured service technicians won’t clog your system and slow it down.
PlusOne Solutions Can Do It All
Don’t leave your COI management up to a computer. You need dedicated people working on your files so that nothing slips through the cracks. We offer these benefits to each of our customers:
24/7 access to compliance reporting through a portal – We know that you need to access your records outside of regular business hours.
Online document management – We keep your records online so that you can access them at your convenience.
Dedicated partner to help you meet compliance goals – Having a real person who knows your business inside and out is vital to efficient COI tracking.
Hands-on team to review each COI as well as endorsements – We take care to look over every certificate of insurance to make sure it’s compliant with your business.
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 reputationalrisks associated with contractor and vendor relationships while creating safer work environments. To learn more, visithttps://www.PlusOneSolutions.net.
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