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Risk Management Tip

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A very bright guy we know in the construction management field (Andre Grebenstein at the Martin Group, look him up on LinkedIn) made an excellent suggestion.
For small operations, contractors or others managing a project, keep track of vendors’ and contractors’ insurance expiration dates on an Outlook calendar. This way you can make sure you get Certificates of Insurance from them to keep your protection up to date.

From our side, advising on risk management and insurance, an agency management system should keep track of where and when to send COIs. But addresses change, requirements change, insurance carriers and agents change, and clients drop coverage. For the company that should be getting a renewal COI, keeping track for yourself is very important. Our thanks to Andre.

www.gbwinsurance.com  1-800-548-2329

Written by gbwinsurance

March 11, 2010 at 11:08 am

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