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Custom Insurance Requirements is a good option for companies that:

• Require standard and non-standard documents in order for third-parties to achieve compliance.
• Have robust risk transfer programs or require strict levels of insurance document compliance.
• Have requirements that must be extracted from source documents on a case-by-case basis (i.e. Lease-based or Contract-based requirements)
• Have compliance rules that may require conditional approval. </aside>

Included in Custom Requirement Verification Tier:

Documents:

In addition to ACORD forms, Jones will also review the following documents:

• Additional Insured Endorsements for Completed and Ongoing Operations for General Liability,
• Additional Insured Endorsements for Automobile, Pollution, and/or Umbrella Liability Policies
• Primary and Noncontributory Endorsements
• Waiver of Subrogation Endorsements
• Notice of Cancellation Endorsements
• Endorsements for General Liability General Aggregate Limit Applying on a Per Location/Per Project basis
• Insurance Carrier AM Best Ratings.
• Collection of a source document (which could be a contract or lease agreement) to extract specific insurance requirements on a record-by-record basis. (This will result in the creation of an insurance requirement template on Jones that is specific to an individual record on Jones.)
• Collection and audit of multiple COIs per record (i.e., two or more Certificate Holder requirements per record).
• Collect other documents, such as Declaration Pages, Schedule of Forms, etc.

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Endorsements are reviewed regarding the following aspects:

• Coverage applies
• Policy number matches the COI (if printed)
• Policy dates are not expired (if printed)
• No invalidating watermarks are included
• Schedule box includes blanket language or project-specific language, but is not empty </aside>

Requirements: