Portland, Oregon (PRWEB) August 26, 2014
Certificates of Insurance, or COIs, are an important component of risk management for companies that engage third-party resources such as vendors, suppliers, contractors, subcontractors, and tenants. Maintaining and tracking COIs ensures that contactors are insured, and helps protect employers should a contactor be involved in an accident. Should an incident occur, having the correct COI in place can defer the financial liability to the entity responsible, instead of the employer. Thus COIs help organizations limit their liability, while driving down exposure and helping them stay on top of insurer requirements. Firms across all industries face the challenge of maintaining COIs.
Succeed Management Solutions, LLC is introducing a new COI Loading Service to help organizations proactively manage COI tracking and control. It is a one-stop data entry service, designed to help employers enter their certificates into COI Track®. COI Track is a web-based software application that is an effective electronic resource designed to makes COI management easy. It sends automatic notifications if COIs are soon-to-expire or out-of-date. It also allows the user to set up defaults, to ensure that certificates are meeting the minimum requirements set up by the company. Succeed’s COI Loading Service ensures that all certificates are loaded to the COI Track software, which then enables easy, cost-effective COI management.
Click to view more information on the COI Loading Service.
About Succeed Management Solutions, LLC
Succeed is the recognized leader in providing web-based Enterprise Risk Management solutions. Thousands of organizations use the Succeed Risk Management Center as a holistic solution to improve their risk management programs, implement web-accessible employee safety training programs, increase efficiencies, and lower the frequency and severity of claims and associated costs.
The Succeed Risk Management Center contains a suite of software applications that help manage claims and OSHA reporting (Incident Track™), behavior-based safety programs (BBS Track™), hazard communication and Safety Data Sheets (SDS Track™), Return to Work Programs (Job Description Track™), employee training (Training Track™), and third party insurance compliance (COI Track®). Succeed also offers support services, such as loading SDSs or creating Custom Trainings. More information on Succeed is available via their website: http://www.succeedms.com.