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When it comes to claims involving third parties, the first item reviewed is going to be the Contract and the Coverage carried by that third party. With professional tracking services, you will be investing in protecting your company from having to carry these claims on your experience reports. Speak to your insurance advisor about where these claims can negatively impact you. We are more than happy to work directly with your current insurance provider or agent on developing a program and reporting process that will help them and you to better protect your business.
We will work with your insurance agent to review your current standard contracts and ensure that you have a collaborative approach to higher standards of contractual risk transfer.
With a professional tracking service, you are better positioned to check all levels of coverage being resented by your third parties. This includes exclusions and limitations hidden in the policy language, carriers that offer inadequate coverage and deficient limits. We will also advise on policies that should be covered and are not. Working with your current insurer, or broker, we will assist in bringing your protection up to today's standards for third party vetting.
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