About Registry Monitoring Insurance Services, Inc. (RMIS)
14 years of providing custom solutions for our clients
Benefits of Outsourcing
Outsourcing isn't just about relieving your in-house workload. Outsourcing to the right
company means instantly bringing experience, knowledge and expertise into your organization like it is your own. Outsourcing with RMIS
brings your organization an amazing array of knowledge and capability that is the result of years of perfecting insurance compliance
and vendor risk management. Whether the benefit is the reduction of internal costs, or the removal of file cabinets full of
documents, RMIS has the solution to fit your business.
Benefits to Outsourcing Your VENDOR Insurance Monitoring and Background Screening Compliance to RMIS include:
- No out-of-pocket costs to your company under the Vendor Pay Option.
- Significantly reduces operational costs and minimizes your company’s exposure.
- 24/7 access to a centralized, web-based application containing all your vendor/supplier/contractor and tenant contact information, documents, contracts,
and status.
- Enables property managers, risk managers, accounting personnel & administrative staff to be more efficient and effective.
- Provides compliance with Patriot Act and related Federal Laws.
- Reduces your risk of an uninsured, underinsured or unlicensed vendor working on or around any of your properties or sites.
- Streamlines the vendor setup process for better efficiency for you and your vendors.
- Background checks may be included and performed on each vendor company – may eliminate current internal costs of Vendor screening.
- Customizable Management reports can be created instantly, online, to show level of compliance, vendor background results, vendor usage by property/location,
login activity by location, etc.
Benefits to Outsourcing Your Vendor Background Checks to RMIS:
- Additional protection for your residents and employees from potentially
dangerous vendors
- May reduce or eliminate any current internal costs of Vendor screening
- Results may be posted online with supporting documents to show evidence of due
diligence (user permission driven)
- Overrides and exceptions may be made through the web application
- RMIS can manage any supporting Override Request Form or Waiver (paper or
electronic version)
Benefits for Vendors to Work through RMIS:
- Reduces administrative “burden” for Vendors
- Simplified registration process for vendors - takes only a few minutes to
complete
- Minimizes need to fax or email documents in most cases
- RMIS will work directly with insurance producers to obtain COI’s – reduces
errors and improves accuracy for faster approval
- 24/7 online access for viewing instructions as well as their approval status,
documents and list of properties for which they are approved to work
- Multilingual service representatives available to assist from start to finish
- Vendors can ‘electronically agree’ to Terms and Conditions
- “Self-service” option for vendors to maintain up-to-date company and payment
remittance information
- Helps promote fairness when providing pricing as their competitors must meet
with the same insurance requirements