PlusOne Solutions, a provider of compliance and risk management solutions specializing in contractor networks, has released a new Certificate of Insurance (COI) Management service for small businesses.
As an insurance compliance partner, PlusOne Solutions ensures a contractor network is fully compliant with a company’s insurance standards, reduces the risk associated with working with contractors who may have improper insurance coverage, and improves overall network compliance rates.
Managing all the certificate of insurance documentation in-house often means file cabinets filled with outdated COIs and a lack of tracking, leading to increased risk and liability with an out-of-compliance contractor network. Unfortunately, purchasing or licensing a COI tracking system is typically cost-prohibitive for companies with fewer than 250 contractor COIs to manage. To fix this common pain point, PlusOne Solutions created a Starter package, which offers all the essential components of a successful insurance compliance program.
“We realized that small and medium-sized companies needed an affordable option to improve their certificate of insurance management program, in such a way that would add value,” said Sara Everett, Insurance & License Operations Manager at PlusOne Solutions. We developed a new range of insurance-related services that provide varying levels of our efficiencies, support, and safeguards to enhance their current insurance management process. The best part is that as the company’s needs grow, PlusOne Solutions can grow with them.”
As companies expand over time, they can upgrade to either the Professional or Enterprise packages for additional features, such as more robust support, consulting, and reporting. The varying packages are flexible to cater to the needs of networks of all sizes; however, there are some fundamental features included as a standard across all three packages. Each option includes a secure, centralized repository for stored insurance documentation with 24/7 customer access and data entry assistance. Additionally, PlusOne Solutions takes a proactive approach by reaching out to the insurance agent and company for deficient insurance requirements.
“For the past 15 years, PlusOne Solutions has been specializing in compliance practices for the unique needs of contractor networks,” said Craig Reilly, CEO & Founder of PlusOne Solutions. “Our new COI Management service for small businesses is yet another way we continue to adapt our solutions to the service industry’s unique needs, and we will continue to commit to serving the service industry through innovative solutions.”
To learn more about PlusOne Solutions’ COI Management services, contact us today.
ServicePower : September 15, 2022
