CERTCON SERVICES - INDUSTRIES SERVED

Financial Lending

Companies in the business of lending money for various reasons need to make certain that their investment is protected by insurance. Mortgage companies must make sure the home being financed is properly insured. If the home is destroyed by fire, storm, etc., the lender relies on the insurance to cover their exposure. The insurance needs to be in adequate amounts and properly include the lender on the policy.

Automobile dealers and banks that finance autos for their customers need to make sure the vehicles are properly insured. They need to be insured for losses due to collision, storms, and theft.

Any other type of lending institution needs to likewise make sure their investments are adequately insured.

Transportation

Trucking companies and other businesses that hire drivers need to verify that their drivers carry adequate liability insurance. If they are at fault in an accident there must be liability insurance in place.

Medical Facilities

Many medical complexes will furnish, or lease, offices to doctors. The facility owners should make sure the doctors carry malpractice insurance in case they are brought into lawsuits.

Other Industries

Any industry that needs to verify insurance from parties can benefit from CERTCON Services. CERTCON can customize a program to verify and manage the insurance of the customers, clients, etc. Please contact CERTCON to discuss the possibilities of developing a program for your industry.

The Problem Is...

Many medical complexes will furnish, or lease, offices to doctors. The facility owners should make sure the doctors carry malpractice insurance in case they are brought into lawsuits.

Checking Certificates of Insurance correctly takes more expertise than most people think.
Understanding the intricacies of the additional insured, waiver of subrogation, transfer of rights, and other clauses, requires experience in dealing with such.
Checking them completely and then responding to them and then following up in them is extremely time consuming.
You must, however, make certain that the other party carries the insurance required, so that your insurance, or you, in the case of a high deductible, will not have to pay claims that you expect the other party's insurance to pay.
These companies can outsource to the myriad of activities associated with managing, monitoring, and maintaining certificates of insurance.

Here Is What CERTCON Will Do!

Mail requests for certificates of insurance to parties, and have them returned to CERTCON Mail follow-up notices where information is not returned.
Analyze certificates of insurance for compliance with the insurance requirements.
Mail reports to insured parties indicating compliance or non-compliance, and requesting corrections as required.
Monitor expiration dates and request renewal certificates upon expiration.
Re-analyze revised certificates and send follow-up non-compliance notices as necessary.

Here Is What CERTCON WEB REPORT information will indicate:

If the insurance meets the insurance requirements.
Specific items of insurance in non-compliance.
Non-compliance notices sent to insured parties.
Definitions of deficiencies in insurance.
Insurance meeting accepted deviations.
Insurance companies used by the insured parties.
A.M.Bests Rating Service ratings and licenses of companies used by the insureds.
Plus other pertinent insurance information.

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