- Loss Prevention and Readiness
- Frequently Asked Questions (FAQ)
- What is Loss Prevention and Readiness?
- Who developed Loss Prevention and Readiness?
- Who is this program for?
- How are inspections handled?
- What role does RANES play?
- What tools are provided to subcontractors?
- Are subcontractors charged for software, training, or COI services?
- How are Certificates of Insurance handled?
- What was the traditional cost of loss prevention?
- What was the true cost in practice?
- How is Loss Prevention and Readiness different?
- What does the 3% to 5% fee represent?
- Why are owners and contractors billed instead of subcontractors?
- How is billing handled?
- What is the RANES Stripe Store?
- Primary Benefit
- Cost Transparency Summary
Loss Prevention and Readiness #
Frequently Asked Questions (FAQ) #
What is Loss Prevention and Readiness? #
Loss Prevention and Readiness is a unified service that combines inspections, training, compliance management, Certificate of Insurance (COI) verification, reporting, and billing into one centralized system.
It is designed to support Owner-Controlled Insurance Programs (OCIPs) and Contractor-Controlled Insurance Programs (CCIPs) from policy binding through project completion.
Who developed Loss Prevention and Readiness? #
The program was developed after more than a year of collaboration with Acrisure and is delivered through the RANES platform.
- Acrisure sells the insurance policies and employs the inspectors
- RANES provides the technology, reporting, training, compliance tools, and billing infrastructure
Who is this program for? #
Loss Prevention and Readiness is designed for:
- Project owners
- General contractors
- Risk advisors
- Subcontractors working under OCIPs or CCIPs
Each group receives tools and services appropriate to their role, with clear accountability and transparency.
How are inspections handled? #
All inspections are performed by trained and certified Acrisure loss control and safety professionals.
Inspectors use a standardized digital platform supported by AI-assisted Atlas tools to ensure accurate documentation, consistent reporting, and audit-ready results.
What role does RANES play? #
RANES provides the centralized platform that supports:
- Inspections and reporting
- Training delivery and compliance tracking
- COI management and verification
- AI-assisted Atlas tools
- Centralized billing
Structured reports are generated for authorized stakeholders.
What tools are provided to subcontractors? #
Subcontractors receive access at no cost to:
- Required safety and compliance training
- Documentation management
- Digital check-in and check-out
- Time tracking and geolocation verification
- Live, instructor-led training sessions
Are subcontractors charged for software, training, or COI services? #
No.
- Software access
- Required training
- Live training sessions
- Certificate of Insurance collection and management
How are Certificates of Insurance handled? #
COIs are collected, verified, and monitored using Atlas-supported tools, including VerifyIQ, ensuring accuracy and ongoing compliance.
What was the traditional cost of loss prevention? #
Historically, loss prevention was often presented as a 2% charge tied to the insurance premium. While disclosed, this did not reflect the full cost of inspections, training, compliance, and documentation management.
What was the true cost in practice? #
In practice, multiple third-party vendors frequently charged additional fees for:
- Software access
- Training platforms
- Compliance management
- Administrative coordination
When combined, total effective costs often reached 7% to 10% of the premium.
How is Loss Prevention and Readiness different? #
- Consolidates inspections, training, compliance, and COI management
- Eliminates redundant third-party vendors
- Removes direct charges to subcontractors
- Clearly defines services and billing responsibility
All services are delivered through one centralized, transparent system.
What does the 3% to 5% fee represent? #
- Certified Acrisure inspectors
- AI-assisted Atlas reporting tools
- Training delivery and verification
- COI collection and validation
- No-cost subcontractor software and training access
- Centralized billing and compliance oversight
The final percentage is determined by project scope and complexity using Atlas evaluation tools.
Why are owners and contractors billed instead of subcontractors? #
Owners and contractors are the primary beneficiaries of reduced risk, improved compliance, and consistent oversight. Aligning costs with value improves accountability and project efficiency.
How is billing handled? #
- The bound premium is entered into the RANES Stripe Store
- RANES generates an invoice directly to the client
- Billing is routed to the appropriate party
What is the RANES Stripe Store? #
The RANES Stripe Store is the centralized platform where services are explained, invoices are generated, and payments are processed — serving as the single source of truth for billing.
Primary Benefit #
Loss Prevention and Readiness delivers clarity with accountability. Inspections, training, compliance, documentation, and billing are handled efficiently and transparently — reducing risk and improving outcomes for all parties.
Cost Transparency Summary #
While loss prevention was often described as a 2% cost, the true combined cost frequently reached 7% to 10% once third-party software, training, and compliance fees were included.
Loss Prevention and Readiness replaces fragmented expenses with a transparent 3% to 5% structure that includes all required services in one centralized system.
