ATLANTA, Nov. 18, 2024 /PRNewswire/ -- NIP Group, a leading specialty insurance provider with over 35 years of underwriting expertise, has announced a strategic partnership with Evident, the third-party risk management solution for critical relationships. This collaboration is set to revolutionize risk management for service professionals, including tree care, landscaping, utility contractors, janitorial and maintenance, greenhouse growers, and more. Evident's platform simplifies the Certificate of Insurance (COI) collection process, significantly improving compliance and reducing third-party risk. This seamless integration with NIP allows service professionals to focus on delivering exceptional service without the burden of manual compliance tracking. "At Evident, we are committed to making third-party risk management accessible for every business where partnerships play a critical role," said David Thomas, Founder and CEO at Evident

ATLANTA, Nov. 8, 2023 /PRNewswire/ -- In the ever-evolving and highly competitive world of retail, businesses face an intricate tapestry of risks that can influence their operations, reputation, and financial stability. These findings are the result of three years of research with the automated insurance verification provider's clients and the partners, vendors, suppliers, and franchisors for whom they verify coverage.Retail Benchmark ReportUnderstanding and managing these risks is paramount for retailers striving to enhance consumer trust and optimize their business strategies. This report offers an in-depth analysis of the risks within each product category and reveals the top reasons for non-compliance, based on data from over 202,000 retail product and service vendors.Key Takeaways from the Retail Benchmarking Report:Overall Retail Risk Levels: A detailed breakdown of risk levels across various product categories provides valuable insights for risk managers.A detailed breakdown of risk levels across various product categories provides valuable insights for risk managers. Top Reasons for Non-Compliance: The report highlights key factors leading to non-compliance among vendors, helping retailers bolster their risk management efforts.Product Category Highlights:Alcohol, Bakery, Body Care, Grocery, Grocery Bulk, Grocery Dairy, Housewares, Infants and children, Lifestyle, Meat, Prepared Foods, Produce/Floral, Seafood, and Service Providers- The report delves into the specific risk profiles of these categories, allowing retailers to tailor their risk mitigation strategies accordingly.Why is this Report Essential for Retailers?Risk Mitigation: Retailers can use this report to pinpoint specific risks associated with their product categories, enabling them to implement measures to enhance product quality and safety.Retailers can use this report to pinpoint specific risks associated with their product categories, enabling them to implement measures to enhance product quality and safety. Compliance: Understanding the reasons for non-compliance helps retailers adhere to relevant regulations and standards, reducing the risk of fines and legal issues.Understanding the reasons for non-compliance helps retailers adhere to relevant regulations and standards, reducing the risk of fines and legal issues