With winter just around the corner and many areas already seeing flurries, this would be a good opportunity to remind everyone of the risks surrounding claims from accidents due to snow and ice. As many companies are considering their snow removal contracts and vendor arrangements, there are a few key points in our latest article that might be helpful.
Errors and even outright fraud in certificates of insurance is a growing problem. We encounter a 70% noncompliance rate on initial documents.
The certificate of insurance compliance function protects a company by ensuring that its contractors have appropriate types and amounts of insurance coverage. The burden of this compliance process is often underestimated.