Insurance & Financial Risk Management

ISNetworld®’s insurance and financial risk management tools allow Hiring Clients to quickly assess risk associated with outsourcing work to contractors or suppliers. 

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Unique Qualification Standards

Every company is unique, and the contractors and suppliers hired should meet or exceed a Hiring Client’s particular standards and expectations.

ISNetworld insurance and financial risk management tools give Hiring Clients the ability to verify contractors are compliant with their contractual requirements while streamlining the contractors’ processes to come on site and confidently complete the job.

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The ISN Solution

ISN understands there is more to risk management than just insurance and offers a variety of risk and procurement related tools for evaluating contractors and suppliers.

Verified Insurance Coverage

Insurance requirements must reflect a company’s risk tolerance and exposure based on the type of work performed. ISNetworld’s insurance review and verification process provides the flexibility and detail needed to ensure contractors and suppliers are compliant with a Client’s insurance requirements.

Configurability for Individual Contractor or Supplier  

Hiring Clients have the ability to require insurance of their individual contractors and suppliers through a combination of a number of unique insurance tools, including the Insurance Pre-Questionnaire, Insurance Classification, and the Insurance Variance Tool.

Agent/Broker Resource

Contractors and suppliers can grant their agent or broker access to submit and monitor insurance documentation on their behalf for no additional fee.

Third-Party Verification

Receive contractor policy information and insurer financial ratings over a secure data transfer, directly from participating insurance companies and insurance credit rating groups.

Instruments for Risk Management

ISN understands there is more to risk management than just insurance and offers a variety of risk and procurement related tools for evaluating contractors and suppliers:

  1. Financial Strength & Stability
  2. Supplier Risk Assessment
  3. Cybersecurity Risk
  4. Regulatory Compliance

Testimonials

"ISNetworld has helped us streamline the qualification process, reduce our administrative workload and has kept us well informed on all Clients’ requirements."

Dima Elayyan

Arab Wings Co.

"ISN is the first platform I open every day as it is a primary solution for our company’s training and safety needs. By using the combination of ISN’s member-exclusive tools, My Company Training, Learning Management System, and Empower, and through our partnership with ISN, we trust our employees are equipped with what they need to do their jobs safely and effectively."

Terri Fraser

HSE Manager
West Country Energy Services, Inc.

"ISNetworld has helped us streamline the qualification process, reduce our administrative workload and has kept us well informed on all Clients’ requirements."

Dima Elayyan

Arab Wings Co.

"ISN is the first platform I open every day as it is a primary solution for our company’s training and safety needs. By using the combination of ISN’s member-exclusive tools, My Company Training, Learning Management System, and Empower, and through our partnership with ISN, we trust our employees are equipped with what they need to do their jobs safely and effectively."

Terri Fraser

HSE Manager
West Country Energy Services, Inc.

"ISNetworld has helped us streamline the qualification process, reduce our administrative workload and has kept us well informed on all Clients’ requirements."

Dima Elayyan

Arab Wings Co.

"ISN is the first platform I open every day as it is a primary solution for our company’s training and safety needs. By using the combination of ISN’s member-exclusive tools, My Company Training, Learning Management System, and Empower, and through our partnership with ISN, we trust our employees are equipped with what they need to do their jobs safely and effectively."

Terri Fraser

HSE Manager
West Country Energy Services, Inc.

See How ISNetworld Can Help Streamline the Qualification and Ongoing Monitoring Process

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