Trucking company owner and operator Raymond, 37, of Encino, appeared in court in January 2024 on 30 felony counts of unauthorized use of personal identifying information and forgery. A Department investigation found he allegedly created and distributed fraudulent insurance documentation to the businesses that employed him.
We see this situation time and time again. So does the California Department of Insurance, which is why it is urging business owners to verify the insurance coverage for any subcontractor or vendor they do business with. Why? It will protect your business from uninsured losses.
We know that documentation is not fun, but it’s a vital step in protecting your business. When you collect proof of insurance coverage from any contractor we recommend looking for red flags such as fraudulent company names, inconsistencies in numbers, missing endorsements or poor-quality images of the documents.
All of these extra steps can add hours to your week…and…are your 100% sure you’ve validated each certificate? We don’t blame you for not wanting to add “investigator” and “red flag referee” to your job description.
The good news is, there is a better way to request and verify documentation.
You can utilize state-of-the-art software to request and verify documentation. And we can set you up with this software ASAP. Plus, you can access this software at our group rate, which is a heck of lot of cheaper than sourcing it on your own.
Fraud is a serious threat to your business. But, you can get ahead of it.
BOOK A CALL to learn more about compliance software that can help you request and verify documentation, understand requirements, follow up and track expirations with ease.
