It is very common in the normal course of business for insureds to sign contracts in which they obligate themselves to provide certain types and amounts of insurance as an important provision of the agreement and to sending a Certificate of Insurance to evidence that the insured has indeed met the contract requirements. Usually included with this obligation is the requirement that notice be sent t
o the Certificate Holder if any of the required coverages are cancelled. Failure to provide notices can create a breach of the contract for which the insured may be sued and, potentially, the agent who issued the certificate, as well as the Insurance Company that issued policy may also be served
Insureds are turning to their agents, agents are turning to the insurance companies and insurance companies are either not willing to provide such service or are charging up to$250. Agents and brokers are being faced with the inability to provide such service as well due to their own E&O issues or the lack of manpower to handle the task at hand. We-Notify has developed an innovative third party notification system to help meet the needs of insureds, agents, brokers, and insurance companies by providing courtesy notifications to Certificate Holders. These notices will be sent to the insured, their Certificate Holders and their agent. The goal is to assist agents and brokers in helping their insureds remain compliant with contract requirements, all at a very nominal cost.
