Press Release Summary:
Tracking insurance certificates and documents, iFastrack allows companies to manage their risk from uninsured contractors, vendors, or tenants over Internet. It reduces exposure from non-employee work accidents by providing automated review and notification of missing/expired policies along with insuring that limits meet minimum requirements. Software helps meet Sarbanes Oxley requirements by storing/identifying attachments for historical reference.
Original Press Release:
GG-One Software Announces iFastrack to Help Avoid Insurance Disasters
KENNETT SQUARE, Pa., Aug. 6, 2008 -- GG-One Software, Inc. today announced the worldwide launch of iFastrack, the highly anticipated Internet version of the successful Fastrack software for reducing business risk by tracking insurance certificates and documents.
The iFastrack software allows companies to manage their risk from uninsured contractors, vendors or tenants easily over the Internet. While most companies require proof of insurance at the onset of a contract, few actually track the insurance certificate to ensure that policies haven't lapsed and continue to meet required limit minimums. Without this protection, companies could be held responsible for substantial damages caused by contractors. Most states require Worker's Compensation coverage and consider you responsible for uninsured persons you hire to perform work.
The iFastrack software dramatically reduces exposure from non-employee work accidents by providing automated review and notification of missing/expired policies along with insuring that limits meet minimum requirements.
"The use of contractors by businesses is a necessary practice and although one might assume that the contractor carries proper insurance - it's not always true. Recent catastrophic accidents such as the Minneapolis bridge failure, Boston's Big Dig collapse and the crane accidents in Manhattan were caused by contractors and demonstrate the need to ensure contractor insurance is valid," said Phyllis Recca, CEO of GG-One Software. "With iFastrack, companies can easily provide access to information regarding the insurance status of contractors to offices anywhere in the world."
GG-One Software's flagship Fastrack software has been used for many years by companies throughout all industries and has become a critical component of their risk management program. "We have been using Fastrack for three years now and it blows away any other product we've tested or used in the past! The simplicity and power of this program made tracking certificates much less time consuming and more accurate," says Richard Turton, Assistant Manager of Insurance, Risk Management & Loss Control of New York University. "In early 2007 we initiated a search for a comprehensive, reasonably priced certificate of insurance tracking system and found the Fastrack software the clear choice. The system is well designed, easy to implement and the customer service is top-notch. We are very excited about migrating to iFastrack!" states John McMillan, Director of Risk Management at Delek US Holdings, Inc.
There is no reason for companies to assume the risk of uninsured contractors - implementing a comprehensive tracking system can limit their liabilities while improving efficiency, saving time and effort.
GG-One Software, Inc.
GG-One Software, Inc. has been solving insurance tracking needs since 1994 and is a leading provider of software to track documents and insurance certificates. The software provides solutions for managing the risk of uninsured contractors by tracking their certificates of insurance.
Additionally, GG-One Software's Fastrack products help to achieve a "paperless office" and meet Sarbanes Oxley requirements through their document tracking, which stores and identifies attachments for historical reference. Visit www.ggonesoftware.com/ or call 1-866-832-0931 for more information.