InsuraSync Insurance Compliance Management Program Offers Peace of Mind for Property Managers
Toronto, ON (Oct. 25, 2017) – Jardine Lloyd Thompson Canada Inc. (‘JLT Canada’), one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, announced a joint venture with Certisync International, a communication platform and methodology exclusively dedicated to providing 100% access, visibility and transparency to required vendor and tenant documentation status. JLT Canada has signed on with InsuraSync, Certisync International’s revolutionary tenant insurance compliance management program designed for property managers and administrators in Canada. The program aims to revolutionize the way the industry regulates tenant insurance processes.
“Certisync provides a tenant insurance monitoring platform that helps property managers ensure their tenants are compliant and aware of their insurance requirements,” said Suzanne Liberman, Managing Director, Life Sciences, Healthcare and Real Estate at JLT Canada. “It can be quite tedious to have to manually verify the legitimacy of insurance documents, which is why we are excited about this partnership – It’s a great solution for property management due diligence.”
Property managers and administrators are often left to figure out whether their tenants are accurately submitting proof of insurance documents. Many lack the experience and knowledge to verify that a tenant’s submission meets the requirements of the lease. If left unchecked, this can leave organizations highly vulnerable to insurance liabilities. Certisync’s InsuraSync is designed to mitigate these issues and allows for a seamless process.
“We are pleased to add JLT Canada’s deep in-market insurance expertise to our proven methodology for managing compliance,” said Paul Perras, Managing Director of CertiSync International. “Together, we offer the market the first comprehensive solution for maximizing portfolio insurance strategies, and then collecting and maintaining proof of tenant insurance that aligns with lease requirements.”
Key benefits of InsuraSync
- Tenants upload their latest certificates of insurance through their personal secure online portal, which minimizes client administration costs.
- Certisync’s expert team reviews the tenant submissions to ensure they meet the requirements stipulated in the lease, highlighting any gaps in coverage and working collaboratively with tenants to correct.
- Tenant insurance status is visible to any client-credentialed user, from any device with an internet connection.
- Tenants can view, print or share their insurance certificates from their phone, tablet or computer.
ABOUT JARDINE LLOYD THOMPSON CANADA INC.
Jardine Lloyd Thompson Canada Inc. (‘JLT Canada’) is a subsidiary of Jardine Lloyd Thompson Group plc (“JLT”). JLT is quoted on the London Stock Exchange and owns offices in 40 territories with more than 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries. Registered Office: The St Botolph Building, 138 Houndsditch, London EC3A 7AW. Registered in England No. 01536540. VAT No. 244 2321 96. Canada Head Office Address: Suite 1200, 55 University Ave., Toronto, Ontario, M5J 2H7, Canada.
As compliance process experts, CertiSync© collects and continuously monitors client and legal requirements, notifying stakeholders of deficiencies, omissions and pending expirations, and working collaboratively to correct – while building a vast archive of written communication, required for supporting client due diligence. CertiSync’s network offers clients International access to insurance risk management solutions in 135 countries, making it the second largest insurance brokering network in the world.
Source: JLT CanadaTags: CertiSync, JLT, joint venture