{"id":82,"date":"2015-03-23T02:51:02","date_gmt":"2015-03-22T21:51:02","guid":{"rendered":"http:\/\/Manycontractsrequireyourvendorsandcontractorsmaintaincertaintypesandamountsofinsurancewhiledoingbusinesswithyourorganization.\u00a0OftenthesecontractualrequirementsmayincludeorspecifyHowevidenceofinsuranceistobesu"},"modified":"2015-03-24T05:16:24","modified_gmt":"2015-03-24T00:16:24","slug":"insurance-compliance-reviews","status":"publish","type":"page","link":"https:\/\/armriskmanagement.com\/?page_id=82","title":{"rendered":"Insurance Compliance Reviews"},"content":{"rendered":"<div id=\"attachment_235\" style=\"width: 460px\" class=\"wp-caption alignright\"><a href=\"https:\/\/armriskmanagement.com\/wp-content\/uploads\/2015\/03\/Insurance-Compliance-shutterstock_211407709-450-x-298.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-235\" class=\"size-full wp-image-235\" src=\"https:\/\/armriskmanagement.com\/wp-content\/uploads\/2015\/03\/Insurance-Compliance-shutterstock_211407709-450-x-298.jpg\" alt=\"Compliance reviews assure contractors and vendors comply with your requirements\" width=\"450\" height=\"298\" \/><\/a><p id=\"caption-attachment-235\" class=\"wp-caption-text\">Compliance reviews assure contractors and vendors comply with your requirements<\/p><\/div>\n<p><span style=\"color: #000000;\">Many contracts require your vendors and contractors maintain certain types and amounts of insurance while doing business with your organization.\u00a0 Often these contractual requirements may include or specify<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000; font-size: 12pt;\">How evidence of insurance is to be submitted; the financial security of the insurer;<\/span><\/li>\n<li><span style=\"color: #000000; font-size: 12pt;\">Whether your organization is to be named an additional insured and\/or loss payee;<\/span><\/li>\n<li><span style=\"color: #000000; font-size: 12pt;\">Financial or claims-paying ability ratings of the insurer (e.g. A.M. Best ratings);<\/span><\/li>\n<li><span style=\"color: #000000; font-size: 12pt;\">Whether coverage is to be on an occurrence or claims-made basis;<\/span><\/li>\n<li><span style=\"color: #000000; font-size: 12pt;\">Whether the insurer is admitted to do business in your state;<\/span><\/li>\n<li><span style=\"color: #000000; font-size: 12pt;\">and MORE!<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">When provided with a copy of the contract and evidence of insurance presented by the contractor or vendor, we will evaluate, based on the submitted information, whether evidence of insurance submitted by the vendor\/contractor appears to be compliant with your contractual requirements.\u00a0 When necessary and\/or requested, we will contact the vendor\/contractor&#8217;s insurance agent directly, when possible, to help resolve any deficiencies.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many contracts require your vendors and contractors maintain certain types and amounts of insurance while doing business with your organization.\u00a0 Often these contractual requirements may include or specify How evidence of insurance is to be submitted; the financial security of the insurer; Whether your organization is to be named an additional insured and\/or loss payee;<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":153,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-fullwidth.php","meta":{"footnotes":""},"class_list":["post-82","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/armriskmanagement.com\/index.php?rest_route=\/wp\/v2\/pages\/82","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armriskmanagement.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/armriskmanagement.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/armriskmanagement.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/armriskmanagement.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82"}],"version-history":[{"count":6,"href":"https:\/\/armriskmanagement.com\/index.php?rest_route=\/wp\/v2\/pages\/82\/revisions"}],"predecessor-version":[{"id":236,"href":"https:\/\/armriskmanagement.com\/index.php?rest_route=\/wp\/v2\/pages\/82\/revisions\/236"}],"up":[{"embeddable":true,"href":"https:\/\/armriskmanagement.com\/index.php?rest_route=\/wp\/v2\/pages\/153"}],"wp:attachment":[{"href":"https:\/\/armriskmanagement.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}