Services
Property and COPE Database Management
Maintaining accurate information is vital for large property insurance programs. MFL specializes in designing property value tracking databases and COPE (Construction, Occupancy, Protection, Exposure) databases. Our database management services help clients obtain appropriate coverage and reduce premiums.
Evaluation of Insurance Compliance and Certificate Tracking
An effective insurance compliance tracking system minimizes chances of assuming uninsured risk, and supports implementation of uniform insurance standards across agencies and organizations.
MFL Consulting will create an individually tailored program for your business to evaluate and track insurance compliance from your partners, suppliers, vendors, subcontractors, tenants and more. By collecting, centralizing and providing an accessible format for your compliance data, we will help you minimize your chance of uninsured risk.
MFL Consulting has worked with federal, state and local agencies to create a standard framework for tracking and implementing insurance compliance, which includes:
- Electronically receiving and managing insurance certificates
- Measurement of certificates to established custom requirements
- Documented history of certificate status and review process
- Centralized depository and provide 24 hours, 7-days a week (24/7) web access
- Reporting for expiration and cancellation
- Auto generation and sending of custom letters
- Auto generation of compliance reports
Owner Controlled Insurance Program (OCIP) Administration/Wrap-Up Administration
Wrap-Up insurance programs are an increasingly popular risk management technique used by owners and general contractors of large construction projects to exert greater control over total construction costs while enhancing overall project safety. A wrap-up policy consolidates insurance coverage for multiple general and subcontractors working on a project into one program negotiated, purchased and managed by a single sponsor.
MFL Consulting offers OCIP program administration, including:
- Contractor certificate and compliance tracking
- Contractor enrollment and policy issuance
- Monthly payroll and man-hour reports
- Program-wide status reports and by policy, contractor, and contract
MFL utilizes industry-leading wrap-up administration software systems.
Loss Control Consulting
MFL Consulting provides loss control consulting, including monitoring, inspections, reporting and training. We work directly with employees, contractors and vendors to develop critical insights and specific programs aimed at achieving sustainable casualty risk control.
Claims Administration and Loss Data Analysis
A clear understanding of loss and claims data is a key component of any insurance program. MFL offers a variety of claims related services, including claims consulting and loss data analysis. MFL will track loss data and design reports and charts to help clients reduce their exposure.