Top 5 Risk Transfer Checklist
- Whos looking over the certificates of insurance of your tenants to make sure the proper coverage and wording eliminates your risk of being involved in a claim?
- Is there a process in place to properly maintain and update certificates of insurance?
- Who reviews and maintains vendor contracts and leases from an insurance perspective? Is this your attorneys job or your insurance agent/risk manager?
- Is there a way to relieve your staff from all the detailed work of maintaining certificates? What is your broker currently offering as far as risk transfer services and certificate tracking?
- To ensure tenants comply with providing certificates of their insurance, what kind of reward program has been set up to drive your tenants to provide the proper certificates of insurance in a timely fashion?
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