Insurance Compliance Analyst
Key Responsibilities
1. COI Review & Compliance
- Review tenant and vendor COIs for compliance with lease agreements and contracts
- Verify:
- Properly named insureds and additional insured endorsements
- Coverage types (GL, umbrella, workers comp, property, etc.)
- Policy limits and deductibles
- Effective and expiration dates
- Identify deficiencies and follow up for corrections
2. Insurance Tracking & Administration
- Maintain COI tracking systems (e.g., Excel, MRI, Yardi, or risk platforms)
- Monitor expirations and proactively request renewals
- Maintain accurate documentation and audit trails
- Interpret lease clauses related to insurance requirements
- Work closely with legal/asset management to clarify ambiguous language
- Ensure requirements align with lender or ownership standards
3. Risk Management Support
- Support incident/claim documentation when needed
- Coordinate with brokers and insurance carriers
4. Tenant & Vendor Communication
- Communicate requirements clearly to tenants, vendors, and contractors
- Provide guidance on how to meet compliance standards
- Handle escalations when compliance is not met
5. Cross-Functional Coordination
- Partner with:
- Property management teams
- Asset managers
- Legal and finance departments
- Support due diligence during acquisitions/dispositions
6. Additional Responsibilities (often included)
- Review service/vendor contracts for insurance requirements
- Assist with annual insurance audits
- Support lender compliance reporting
- Help implement or manage third-party COI tracking systems
Skills & Qualifications
- Strong understanding of:
- Commercial General Liability (CGL)
- Umbrella/Excess policies
- Workers’ Compensation
- Additional insured endorsements (CG 20 10, CG 20 37, etc.)
- Ability to read and interpret lease/legal language
- High attention to detail
- Familiarity with CRE operations (office, retail, industrial)
- Experience with property management or risk systems preferred