Pain point
A lapsed policy or licence shouldn't be a surprise
Whether it's a building's own insurance policy or a vendor's trade licence, a renewal tracked informally — in whoever's inbox received the original document — is a renewal that's one busy week away from lapsing unnoticed.
The problem
Insurance and licence renewals collected once and never actively tracked afterward rely entirely on someone remembering to check, months or years later.
Why it matters
A lapsed building insurance policy or an unlicensed vendor dispatched to a job are both direct liability exposures, discovered at the worst possible time — when a claim or incident actually happens.
How Meridian helps
- Building insurance tracked as its own compliance control, with expiry status reviewed alongside RERA, DLD and the rest
- Vendor licence and insurance tracked separately, across 8 licence types and 2 insurance categories
- Expiry flags surfaced with an owner and due date, well before the lapse, not after
FAQ
Are building insurance and vendor insurance tracked the same way?
They're tracked as distinct records — building insurance as a compliance control, vendor insurance against the vendor's own profile — both with expiry tracking.