What We Do
Insurance TechKNOWLEDGEy, LLC has automated the insurance coverage verification process through a patent and patent-pending software. The systems allow both insurance company officials and their policyholders to monitor the validity of Workers’ Compensation coverage for subcontractors working for policyholders in near real-time.
THE PROBLEM: The insurance industry has relied heavily on Certificates of Insurance as a reliable method to “certify” insurance coverage leaving most stakeholders vulnerable. This concerns most stakeholders when coverage for a subcontractor lapses as this leaves the higher tier contractor and their insurance carrier responsible for injuries of the subcontractor as well as premium leakage.
THE SOLUTION: Insurance TechKNOWLEDGEy has created two products that work together; AuditorPortal (AP) and Insurance Verification Exchange (IVE). These programs notify authorized parties when a subcontractor lapses their Worker’s Compensation policy. This software-as-a-service is highly accurate since the data that feeds the program comes directly from the state. It is a policyholder service because it sends a text message and email alerting the designated person that there is a lapsed policy. This revolutionary audit technology populates an audit report to reveal coverage or gaps in coverage to make it easier for the auditor. The auditor no longer has to sift through stacks of Certificates or wait on Certificates of Insurance and then still have no way of knowing if there are lapses within the Certificates.
Meet the Team
Kevin Hale, Partner
Kevin Hale is the President of Insurance TechKNOWLEDGEy, LLC. He works closely with strategic partners and State Workers Compensation Boards to expand the utilization of patented software in the Workers Compensation arena to identify uninsured policyholders. Kevin also is the owner of Hale Insurance, LLC, an independent insurance agency in Nashville, TN.
With 30+ years in the insurance industry, Kevin has served as President of the Professional Insurance Agents of Tennessee, Board Member and Education Chairman for the Insurors of Tennessee as well as many social and civic organizations.
Kevin has been a source of expertise in the Workers Compensation arena, both in business and state government. Recently, he was the only insurance agent asked to serve on Tennessee’s Employee Misclassification Task Force as well as the Legal and Insurance Committees to monitor and report to the state legislators the effectiveness of a 2011 Workers Compensation law change in the construction industry.
He believes that employers need guidance in managing the Workers Compensation mandates. Having worked with hundreds of employers, he has learned special methods to obtain the most effective Workers Compensation programs for his clients.
Kevin is a Middle Tennessee native and graduate from Middle Tennessee State University where he studied Mass Communication and was a member of the track team. He and his wife LeAnne share the duties of running Hale Insurance and raising their daughters, Emilie Claire and Anna Grace.
Derek Wirz, Partner
Derek Wirz is a Commercial Insurance Producer. Derek is passionate about educating his policyholders how to manage risk in the most cost effective way and keeping workers safe. Through his 30+ years in the business, he has created a system of managing Workers Compensation exposures for his clients which led him to author a textbook on the subject.
While completing the book, the Tennessee Governor, Bill Haslam commissioned a report by Work Comp Strategies that simply stated, along with many other topics, that Workers Compensation cannot be improved until all stakeholders become educated. The report inspired him to design the book on how to properly administer the Workers Compensation policy and obligation for the Tennessee employer.
He believes that billions of dollars are spent each year across the country in unnecessary premiums, claims and expenses because time was not spent to educate each stakeholder, especially the employer on a State-Specific Basis.
Derek graduated with honors from the University of Tennessee at Chattanooga with a B.S. in Business, has served as the President of the Professional Insurance Agents of Tennessee headquartered in Brentwood, TN and has served as a Trustee of the National Association of Professional Insurance Agents headquartered in Alexandria, VA. He has received five professional designations, including the Certified Insurance Counselor and the Certified Workers Compensation Professional. He has served on various producer councils for Workers Compensation carriers and owns a software company that serves the Workers Compensation insurance industry. He holds a patent in a specific electronic process that serves both policyholders and insurance carriers as well. He and his wife, Tracey have two children, Jake and Madie, and live in Ooltewah, Tennessee.