The Coverage Components section allows you to define the minimum coverage amounts for both tenant and vendor COIs entered for a particular compliance group. COIs that do not meet the minimum threshold can still be entered, however, they are denoted as Non-Compliant.
To standardize a compliance group:
- Click Go To > Certificate of Insurance > COI Admin.
- Click the COMPONENTS tab.
- Select a Compliance Group.
- Configure the template to your preferred naming conventions, component order, minimum coverage amounts, and if there needs to be additional information added. Coverage components can be moved up and down by clicking on the component, and then doing a drag and drop. To add additional components, click
.
- TYPE: Enter the component name and order you want the component listed.
- MIN COVERAGE: Enter the minimum coverage for both vendors and tenants.
- REQUIRE FOR COMPLIANCE: select the box which corresponds to the data you want added to each COI. Note: The Insurer option is integrated with the A.M. Best Ratings. Insurers who do not meet the current A.M. Best Rating are flagged as non-compliant.
- (Optional) Click
to add or
to delete components.
- Click SAVE.
Comments