More and more network managers are outsourcing their insurance compliance functions because they realize that it is time and resource consuming, difficult to manage yet it is critical to reduce your risk and protect your reputation. PlusOne Solutions understands compliance in the contractor/vendor world and the need to efficiently process all of your compliance documentation with speed and accuracy to ensure that your contractors/vendors are compliant when providing services and/or products. The need to minimize the disruption in operations due to compliance is critical to your business. We use specialized processors who understand insurance as well as automated process to ensure that certificates of insurance are received in a timely and accurate manner.
Why you should outsource insurance management to PlusOne Solutions
PlusOne has created a leading solution focused on accuracy, compliance and user convenience. Our unmatched solution ensures your contractor network is fully compliant with your insurance standards, freeing up valuable time and resources for your organization.
1) Insurance is what we do
There are so many moving parts when it comes to running a business, staffing, payroll, compliance with any number of regulations, mitigating workplace conflicts, serving customers and on. Why add one more thing to the list to become an expert in? Insurance is one of our specialties. We provide highly specialized insurance processors with intimate knowledge of the industry and who understand the nuances and challenges involved.
2) We can reduce your own insurance and claims costs
One of the benefits of having PlusOne Solutions handle your insurance management is that you can see a reduction of costs related to insurance claims. When you have a team of insurance professionals handling your insurance management solutions, you’ll know that it’s done right and that you’re protected.
3) Improved compliance rates
Similarly to seeing a reduction in claims costs, when PlusOne Solutions handles your insurance management solutions, you’ll see improved compliance rates. Our team of highly experienced professionals will do the job and do it right.
4) Reduce exposure to underinsured or uninsured contractors/vendors
The entire goal of insurance is to protect yourself and your business, why risk handling that yourself? Not having your insurance management properly handled can increase your risk of working with vendors or contractors that could potentially burn you down the line and can potentially have a negative impact on your reputation.
5) Centralized and streamlined process
Not only do we handle your insurance needs properly, but we handle them fast and efficiently. We understand the need to minimize the disruption in operations due to non-compliance is critical to your core business. Why go through the headache of doing it yourself when you have a team at your disposal who will streamline the entire process for you?
6) Reduces admin costs
Time is money. Anyone who owns a business knows that. The time and effort you expend as well as any other resources you devote to taking on the task of handling your insurance yourself can climb rapidly. When you work with PlusOne Solutions rather than going it alone, you will see a reduction of associated admin costs.
Our solution is adapted to meet the needs of your business. We succeed when you do. As such, we work with you to meet your compliance goals. Whether you have an existing compliance program or just getting started, we are there to help along the way by providing industry and best practices as well as a tailored approach specific to your network.
Our Specialized insurance processors review each Certificate of Insurance (COI) as well as endorsements and compare coverage to your contractual requirements to ensure compliance and complete accuracy of data entry. We handle everything ourselves, no outsourcing, no offshore team, the PlusOne team will handle your needs personally.
Compliance & Reporting
In this digital age, we work tirelessly to stay at the forefront of technology and provide the best service possible to all of our clients. We provide you with a web-based portal that can be accessed anytime, from anywhere, and can be fully integrated with any platform you may use to track compliance and/or dispatch work. Features of the portal include:
Direct communication with the insurance agents and contractor/vendors to obtain accurate and complete COIs and endorsements with the proper coverage and requirements. Additionally, we provide notices to the contractor/vendor leading up to renewal and that policies have been received and updated. Just like our hands-on approach, PlusOne Solutions does not use outsourcing or offshore account management. You are a valued partner and can reach out to us anytime to inquire about the status of the process, you’ll deal directly with the PlusOne team.
We want the best for you and your business. We understand how important it is to protect yourself and reduce risk. At the same time, we understand the need to efficiently process all of your compliance documentation with speed and accuracy to ensure that your contractors/vendors are compliant when providing services and/or product. For this reason, our process includes both automated and manual requests for renewal certificates before policy expiration to ensure that operations can continue forward with little disruption.
We constantly communicate with insurance agents during the coverage year to ensure policies remain active. Lapses in coverage can spell big problems for your business; we always do our due diligence to ensure that you’re protected.
PlusOne Solutions’ robust auditing process ensures accuracy, investigate data outside the norms and uncover policies that fell out of compliance prior to renewals. Understanding the nuances of insurance and endorsements also makes certain that we report accurate coverage. Accurate information is one of the most important pieces of protecting your business.
In addition, we provide you with a web-based portal that can be accessed 24/7 while you’re on-the-go. The portal can also be integrated with any platform you may use to track compliance and/or dispatch work.