Lisa Kerr is the VP of Risk Management at Henry Schein. When she thinks about what certificate of insurance compliance means, she thinks about peace of mind—being able to sleep at night. COI compliance means knowing that Henry Schein has a comprehensive program to gather insurance certificates from suppliers so the business has evidence that all contractual requirements are met.
Kerr explains the organization also uses their COI compliance program as a way to demonstrate, with statistics about compliance tracking, how they have this comprehensive program to manage compliance. This is an important part of negotiating to keep insurance rates down.
CertFocus allows Henry Schein to analyze risk by eliminating the admin, by looking at where they have gaps, and by exploring how they can further improve compliance. CertFocus is the service and compliance leader in SaaS-based Certificate of Insurance to the Fortune 500 and leading public-sector community. To learn more, please enjoy this video.