The slower winter months are the perfect time to take a look at your subcontractor certifications (certs) and make sure they’re compliant. You might be surprised by the number of certs that have expired, don’t have the correct limits, are missing required endorsements or don’t match the wording of your subcontract agreement.
And the last thing you want to do is be held liable for an insurance claim that really belongs to a subcontractor or get held up on being paid because your sub’s insurance isn’t compliant.
Thanks to technology, you have access to tools that can help you stay on top of subcontractor certifications. The Miller Group recently began offering discounted access to a new service, TrustLayer, that will:
The service has already shown its worth for clients. In one of our early implementations, we were working with an experienced contractor who had a ton of subcontractors. They were all very reputable and had excellent safety records. But their certs weren’t up to par. TrustLayer gave them detailed compliance reports so they could follow up and bring their subcontractors’ certs in line with what their own insurance cert required.
The system can eliminate a lot of the legwork you may be doing today and help ensure you’re protected from subcontractor claims. You’re likely advancing technology in many other areas of your business; maybe it’s time to bring your cert management up to date, too.
Please let us know if you’re interested. Your Miller Group contact can help you get started and answer insurance-related questions. It takes about a month to onboard, so you still have plenty of time to get up and running before the spring rush begins.