BENEFITS OF RMC
Not Happy With Your Current Insurance Tracking Process?
Is your current process inefficient? Are you experiencing duplicated efforts in tracking the insurance for your vendors? Enroll with RMC Solutions to be relieved of this burdensome process. Our compliance team, with years of experience in the insurance industry, knows exactly what to look for when evaluating complicated certificates of insurance, endorsements and other documentation. All human evaluation is done within our Minnesota office. Our system has the ability to push compliance data into your accounting software. We handle all the work behind the scenes while providing you with your own user-friendly portal to view communication logs, download insurance documentation, and access compliance reports. We take away the pain of back and forth communication between you and your vendors by handling this process for you.
Lower Administrative Costs
Outsourcing your insurance and document tracking to RMC will cut down your administrative costs. Rather than training your staff to read insurance policy forms, trust the RMC Solutions Team to get the job done right. Your staff will be free from the countless hours and frustration of sending multiple requests to each vendor who likely will not respond in a timely fashion. Your staff efforts may be directed to other productive tasks within your company.
Easier, More Predictable Insurance Audits
Eliminate audit stress and the countless hours of last minute attempts to chase down your vendor's insurance certificates for work done months prior. Eliminate the big shock of additional premium charged for inadequately insured vendors.
Quick and Easy Access to Insurance Documentation
Locating insurance documentation for all of your vendors can be difficult considering your number of ongoing and completed projects. With RMC in place, you can locate insurance documentation within seconds for any vendor on any past or current project. As you know, failing to provide insurance documentation may cost you and your insurer thousands of dollars if you are unable to locate that vendor or they are out of business.
Reduce Number of Under-Insured or Uninsured Vendors on Your Projects
Your online portal will keep you informed of vendor compliance. Uninsured vendor claims or penalties can cost your company thousands of dollars in deductibles, audit premium, or significantly higher insurance rates due to vendor losses assigned to your policy. RMC has a proven track record of increasing client vendor compliance.
Seek Better Insurance Rates
Insurance underwriters may offer lower rates when insurance tracking is outsourced to a professional firm like RMC. These lower rates can potentially save your company thousands of dollars in annual premium.
Experience Better Claims Results
Avoid contributing to a vendor claim that should have been handled by the vendor’s insurance carrier. RMC's thorough tracking has improved the claims process for our clients.
Avoid Non-Renewals and Policy Cancellations
Insurance carriers will audit to determine whether you are following through with the risk management conditions of the policy. RMC can help keep you in good standing with better insurers so you can maintain your current policy and continue to save dollars in premium.
Reduce the Risk of Costly and Prolonged Legal Disputes
Claims are handled quickly when contracts and insurance certificates are available that hold the certificate holder harmless, and provide additional insured status. Lack of documentation could result in a prolonged legal battle, costing you significant time and money. The documentation RMC Solutions can provide could help resolve legal disputes more quickly once the liability of each party is clearly determined.