Insureds can use contractual risk transfer to shift millions of dollars of exposure to others. That obligation is often funded by insurance policies and the certificate of insurance provides evidence that the coverage is in place.
As part of our client-centric approach, we help you develop internal controls for contract negotiations and obligations, as well as evaluate the feasibility of an internal certificate of insurance management function versus utilizing a retail software system. The ultimate goal of any certificate management system is to ensure greater compliance and easier access to information in the event of a claim. Other services we perform include contract reviews and certificate of insurance audits. We work closely with your legal advisors to help you balance sales imperatives and relationship concerns with sound risk management practices.