Ensure vendor compliance by conducting risk assessments and evaluations, utilizing compliance policies and contracts, and providing continual oversight. The BCS App does this all.

Working with vendors brings risks to business arrangements, including potential financial, legal and operational issues. Any company that deals with multiple third-party vendors should consider implementing a vendor risk management strategy.

The certificate of insurance tracking process includes collection and storage, analysis, correction, and follow-ups. The BCS App simplifies this process.

Additional Insured endorsements are insurance provisions extending liability protection from the policyholder to other parties who may benefit.

Loss payee is a common insurance policy designation naming the party to which payments are to be made in the event of a loss.

Hold harmless language (a/k/a indemnity language) is found in most contracts and agreements, with the purpose of transferring the obligations of one party to another to defend and make whole the other party for legal liability, typically related to the services, work or nature of the contract.

Effective contractual risk transfer strategy includes insurance requirements and the collection of documentation, correction processes and the storage and accessibility of that data.

Primary and noncontributory language in an insurance policy protects those listed as additional insureds from costly third-party liability.

Clear contractual language, effective internal policies and communication, and centralized tracking are several ways to increase COI compliance.