Applied certTrax is a risk management solution that provides agencies the ability to monitor vendor certificates of insurance for contract compliance. certTrax keeps track of information such as policy expiration dates, coverage limits and carrier A.M. Best ratings.
Accordingly, HWI can efficiently and effectively provide the following services:
- Track certificates for difference project/divisions
- Set up multiple insurance requirements based on type of vendor/contractor
- Provide notifications of AM Best and Financial Rating downgrades
- Review policy endorsements to ensure coverage is equivalent to required ISO forms
- Provide access to certTrax at any time, from anywhere to retrieve COI’s, see current status of particular subcontractor
- Send notifications to accounts payable of non-compliant subs to prevent payment until insurance requirements are satisfied