LTS was founded in 1987 to provide risk management services to the leasing and lending
industries. At that time we provided both insurance tracking for leased automobiles
and contingent/excess liability insurance for leasing companies.
Today, we concentrate 100% on insurance tracking. This has allowed us to strengthen
our offering to allow for more flexibility to service all carriers.
In addition to tracking insurance on retail and commercial automobile leases, we have
expanded our offering to auto loans, equipment leases and loans, commercial and residential
real estate, and floor plan financing.
Why choose LTS?
Since we do not provide contingent excess or umbrella insurance ourselves, there is never a
conflict of interest with respect to the tracking function. We work with any contingent/excess
carrier and conform to their due diligence requirements.
We provide both passive and active monitoring of your customers' insurance. Passive monitoring
means that we process certificates and insurance notices received via fax, mail and EDI
(Electronic Data Interchange). Active monitoring means that we proactively request proof of
current insurance upon insurance renewal, even for policies marked as “continuous until canceled”.
We also access websites provided by some carriers to verify policy renewals and correct coverage.
In some case we can immediately update the additional insured and loss payee on the website.
All insurance certificates are scanned and stored in our database, available to you when you need them.
We can provide extensive customization to meet your needs, even making changes as your needs change.
Customization includes the wording on our notifications as well as the timing and number of notices.
Many companies require special reporting in a variety of media, such as spreadsheets, PDF documents,
website notification, email, etc. We will work with you to provide the most effective communications.