BCS's flexible architecture allows you to configure your compliance rules to fit your organization.
Risk management rules within an organization can differ significantly: whether you choose to track only one general certificate of insurance per vendor or require vendors to provide different insurance proofs for each project they work on. Here we explore all the different ways you can configure BCS to fit your needs.
Configuration Steps:
These are high-level steps in your process of configuring BCS. Further below we dive into each of these in more detail.
- Set up your locations with their respective ownership entities. Those are the ones that BCS will require to be listed as additional insureds on your Vendor/Tenant's evidence of insurance.
- Choose the "Labels" that make most sense to your organization (do you track "tenants" or "subcontractors", "vendors" or "franchisees"?)
- Set up your requirement categories. What are the different templates of insurance requirements - what policies, limits and endorsements are your vendors asked to provide? You might have different requirements based on the level of risk their trades represent - i.e. a dry cleaning vendor doesn't represent the same level of risk as your scaffolding contractor.
- Determine if you need to add more than 1 job per vendor, or more than 1 lease per tenant. As a rule of thumb, ask yourself "Do I need my Vendor to give me a different COI depending on what project/location they perform work?". If the answer is 'no', then 1 vendor = 1 job. Our architecture allows you to setup any configuration that best fits your business.
Understanding the BCS Architecture
About the Vendor-Job & Tenant-Lease Relation
In BCS, Vendors have the ability to provide multiple proofs of compliance, called "jobs", just like you can track more than one proof of insurance for the same Tenant by adding additional "leases". Think of these "jobs" and "leases" as subfolders, with each job being a "child" of the vendor and each lease being a "child" of the tenant. This relationship is illustrated below:
Flexibility of Requirements
There are 2 elements in a job/lease that will dictacte what the Vendor/Tenant's insurance has to include:
By combing these 2 elements in different ways, you can track virtually any compliance rules.
Locations
Each Location can represent:
- a project
- a hotel
- a property
- an asset
Each location within BCS is set up with its geographical address, as well as a Certificate Holder and Ownership Entities.
By setting up your Requirement Categories in a way that requires the location's owner(s) to be listed as additional insured, the app will automatically track the ownership entities as additional insured based on the location associated with the job/lease. This ensures that the appropriate parties are covered and protected.
Changing Labels to fit your Business
Go to "Settings" to change the labels. Your tenants might instead be "Franchisees" or "Borrowers". Likewise, you might refer to your locations as "Projects" or "Properties" instead.
Examples of Different Configurations
Configuration Example 1:
"My Company only requires 1 insurance certifcate per Vendor, listing my company as additional insured."
In this scenario, you would have a single location listed in "My Locations". This location is usually named after your own company, or is given a name like "Corporate".
Here's how it would look in the app:
Configuration Example 2:
"Our company employs vendors who can work at more than one of our sites sites, the additional insured requirement is the same, but they might do different jobs with different scops of work."
Here's what it would look in the app:
Configuration Example 3:
"I reuse a lot of my subcontractors on different projects. For each project, the sub has to provide a certificate listing myself and the clients/partners of the project as additional insureds."
Here's what it looks like in the App:
