Ask any CFO or risk management professional and they’ll tell you just how much sleep they lose thinking of the financial impact that claims and lawsuits can have on their business. And as companies continue to try to reduce costs by trimming coverages, the risk of non-compliant vendors, tenants, and subcontractors, suppliers continues to grow.
If you are collecting insurance certificates just to confirm they were received, you have no guarantee that your requirements are being met. Tracking and managing certificates of insurance to confirm all limits, endorsements, and insurance requirements are in place allows your business to transfer costly claims and other exposures to your vendors.
CMS provides one of the original, most respected solutions for certificate management. We have more insurance certificate management experience than any of our competitors.