DALLAS, Oct. 3, 2019 /PRNewswire/ -- Corrigo, a JLL
company and the world's largest FM platform, today announced the
launch of Corrigo Assure – a digital solution for certifying and
monitoring commercial service provider insurance coverage, created
in partnership with Assurant, a global provider of risk management
solutions. A first-of-its-kind solution, Corrigo Assure accesses
service provider insurance information at the policy level,
bringing speed, transparency and trust to the traditionally foggy
and uncertain Certificate of Insurance (COI) management process,
enabling faster and easier connections between service requestors
and providers.
To date, Facilities Management professionals have had two
choices when it comes to verifying insurance coverage. They can
accept a COI at face value and assume risks associated with
insufficient, altered, or lapsed insurance coverage. Or, they can
attempt to verify current coverage by hiring 3rd party
resources or re-tasking employees to manually call and confirm
individual policy details. Both traditional options are tethered to
an analog, mistake-prone, paper-centric process that creates
significant hurdles and must be repeated for every single work
order or project. Unsurprisingly, this antiquated process creates
tremendous friction, lowers trust, and can greatly delay responses
to critical requests.
Corrigo's solution to these problems is simple – digitize the
entire COI process. Corrigo Assure connects directly to Assurant's
insurance data and actively monitors commercial service providers'
compliance based on actual policy information in
real-time instead of relying on out-of-date certificates of
insurance. Continually accessing this deep digital policy data sets
the gold standard for insurance compliance tracking. Assurant
provides the highest levels of screening and monitoring in the
industry, spotlighting problems like W-9 issues and/or OSHA
violations and even uses blockchain technology to prevent tampering
with screening and tracking results to give an extra layer of
validation – another level of protection if litigation ever comes
into play.
"Corrigo Assure is a revolutionary solution that solves the core
COI management problem by disrupting an old process with our
intelligent FM platform. Any time you replace a clunky, analog
process with smart new technologies you gain enormous operational
efficiencies that will drive real cost savings," says Tim Bernardez, president of Corrigo. "Corrigo
Assure is the digital answer this age-old problem needs – it
expands trust and removes significant financial risk and exposure
for our connected users. This is the first of many
platform-centric solutions Corrigo is launching to disrupt and
revolutionize the FM industry."
To further elevate levels of trust within Corrigo's connected
communities, Corrigo Assure can deliver gap insurance when a
service provider's coverage has lapsed or doesn't meet required
levels. Assure proactively provides alerts when gaps in coverage
are identified, enabling Corrigo's 35,000+ connected service
providers to immediately secure additional coverage so every job is
completed on time and in compliance with the client's
standards.
"Partnering with Assurant enables Corrigo Assure clients to have
the right amount of coverage at the right time and benefit from the
real time data delivered by our insurance tracking tools," said
Kunal Malhotra, vice president of
Global Specialty Innovation at Assurant. "Corrigo Assure blends the
strengths of Corrigo's comprehensive platform with Assurant's
innovative risk management solutions to deliver true process
improvement and risk reduction for facilities managers."
Corrigo Assure solves the COI management issue on the service
requestor side of the equation, but service providers also reap
plenty of efficiency-boosting benefits. Automating insurance
information eliminates the need to wrangle insurance provider
paperwork common in old-school COI management. It also provides the
intel providers need to know if their coverage is actually in
compliance for a given job, eliminating project stops and starts
due to coverage gaps. Simply put, Corrigo allows service providers
to focus on service delivery – not the intricacies and
technicalities that come with insurance coverage management.
Corrigo Assure is available today. More information can be found
here.
About Corrigo
Corrigo is the world's largest FM platform operating in 107
countries, connecting 1.6 million locations to over 2.5 million
users worldwide. Corrigo delivers facilities management and asset
management solutions that connect all participants in one platform,
including industry-leading mobility, technician management, vendor
management, and open API. Since launching in 1999, Corrigo has
processed over 700 million work transactions. In addition, Corrigo
is actively involved in giving back to the communities it serves,
including Corrigo Cares, a performance-based philanthropic program
that provides more than 1 million meals annually via Feeding
America, the U.S.'s largest domestic hunger-relief organization.
Corrigo is a wholly-owned subsidiary of JLL (NYSE:JLL) and a
part of JLL's Digital Business Group. Learn more at Corrigo.com or
on Twitter @CorrigoInc.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a leading global provider of
housing and lifestyle solutions that support, protect and connect
major consumer purchases. Anticipating the evolving needs of
consumers, Assurant partners with the world's leading brands to
develop innovative products and services and to deliver an enhanced
customer experience. A Fortune 500 company with a presence in 21
countries, Assurant offers mobile device solutions; extended
service contracts; vehicle protection services; pre-funded funeral
insurance; renters insurance and lender-placed homeowners
insurance. The Assurant Foundation strengthens communities by
supporting charitable partners that help protect where people live
and can thrive, connect with local resources, inspire inclusion and
prepare leaders of the future. Learn more at assurant.com or on
Twitter @AssurantNews.
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SOURCE Corrigo