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ORLANDO, Fla. – September 29, 2020 – ( Newswire.com )
PlusOne Solutions, a compliance and risk management solutions provider specializing in contractor networks, 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Managing all the certificates of insurance documentation in-house often means file cabinets filled with outdated COIs and a lack of tracking, leading to increased risk and liability with an out-of-compliance contractor network.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, buying or licensing a COI tracking system is usually cost-prohibitive for companies with less 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