Verification of insurance requirements is the most overlooked item in the insurance industry. This means that the Certificates of Insurance that you require from your vendors, have been made, at times, insignificant...because no one ever looks at them. Certificates of Insurance are seldom reviewed or analyzed adequately. ICA is your solution.
When you outsource to Insurance Certificate Administrators, you simplify Certificate of Insurance tracking and monitoring while gaining immediate visibility into your vendors’ coverage — all at significant savings over the cost of equivalent in-house services.
ICA will provide you with all of the following:
1) Relief from handling insurance certificates (including producing Vendor's Worker's Compensation certificates for your insurer)
2) Thoroughly analyzed reports (unlike anything in the industry and exceedingly more detailed than what you could produce in-house).
3) Internet access to the information you need to make a quick, but well-informed decision on a Vendor's qualifications regarding their insurance...all with the click of a mouse.
4) A service by which your insurance broker will recognize you as a more prudent insurer, which should result in better insurance premiums, broader coverage, continuing insurability, etc...