93% Management companies stated they had on hand insurance requirements prior to VIVE.
Ok, so who handled the review of what was submitted compared to the set requirements?
- 37% were reviewed by staff accounting personal
- 57% were reviewed by staff property managers
- 10% were reviewed by 3rd party compliance firms
So, while most companies state they have requirements the vast majority of the review of compliance information submitted by vendors are done by non-risk trained staff members who have many other various responsibilities.