Insurance Tracking & Certificate Compliance Services
MAXIMIZE RISK TRANSFER AND MINIMIZE RISK
Develop resiliency to the shifting tides of the insurance industry by engaging with The ALS Group’s COI Compliance services. Certificate of Insurance Compliance is an integral part of any risk management plan and should not be an afterthought.
Tender Claims
Protect your company's balance sheet by ensuring you have the ability to tender claims.
Get Time Back for Your Team
Let us handle all of your vendor's insurance docs, maintain compliance standards, and track expiration dates so you get time back to complete projects.
Validate Vendor Insurance
Confirm that your vendors are meeting their insurance requirements in their agreements.
Step One
We request your property’s or vendor’s insurance via email.
You log into ALS and email a request for insurance to your vendor or contractor.
Step Two
Insurance is submitted, we begin our review.
Your vendor or contractor submits insurance or forwards the request email to their insurance agent(s).
Step Three
We provide feedback.
As soon as insurance is submitted, ALS notifies you.
The ALS Group will help your company:
- Achieve higher compliance ratios
- Uncover hidden third-party vicarious liability
- Comply with contractual obligations
- Eliminate time spent on administrative follow ups and document management
The RiskComply Advantage
Our COI Compliance database has been designed to streamline the collection and review of COIs and policy endorsements while providing transparency into the compliance status of your vendors and projects.
RiskComply’s automation and optical character recognition (OCR) capabilities provide our team with the tools needed to effectively navigate the demanding COI Compliance process which is often driven by investors and insurance market requirements.
Why ALS and COI Compliance?
The ALS Group has developed a COI Compliance process that is both streamlined and flexible based on our Client’s needs.
The COI Compliance process is a key element of the Risk Management puzzle. Companies struggle to implement and maintain a successful vendor compliance program which may lead to denial of claims tendering, increased premiums, lost time, project delays, and hidden vicarious liability.
Simply collecting certificates and checking boxes is not sufficient to properly vet third parties whose work puts your company or project at risk.
Our Compliance approach ensures that the exposures brought on by a vendor’s scope of work is adequately covered by THEIR insurance, and the risk of their negligence is properly shifted downstream and away from you.
Our dedicated COI Compliance team reviews a vendor’s insurance with risk management in mind.
