Frequently Asked Questions

Unexpected uninsured losses or uncovered deductibles can disrupt cash flow and derail project budgets. Our services ensure that COI tracking will make it less likely for absorbing large surprise costs or delays tied to uninsured events.

Accidents are easier to resolve when you can quickly identify which vendor/contractor carried which policy and during what dates. The databases we build will organize COIs helping risk management or claims teams to identify the correct insurer, report claims faster and avoid finger-pointing about coverage. 

Our services with contractor-heavy work (like construction, facilities, or field services) ensure COIs stay current are a key part of making sure projects stay financially viable and can continue even if a handful of contractors have issues.

Yes, by obtaining COIs upfront encourages contractors/vendors to take their own risk management seriously, which tends to correlate with better safety and professionalism.

Overtime, the database reports provided through our services on COI compliance can be a factor in deciding who gets work, favoring contractors/vendors that consistently maintain proper insurance and respond promptly, and reduce reliance on higher-risk providers.

Yes, we offer personalized support for all customers regardless of what stage of COI tracking they are at. We start with a tracking process with clear insurance requirements, standardized collection during on-boarding and a simple system to monitor expiration's and compliance. From there we build through automation, a repeatable workflow for review, renewal reminders, and flagging of missing/expired and non-compliance parties.

Third-party tracking of certificates of insurance (COIs) is crucial because it protects organizations from taking on the third-party's risks.The databases we build through our services help enforce contract requirements, and prevent costly uninsured claims or disputes. COI tracking services also improve operational controls and audibility as your vendor/contractor/supplier/provider bases grow.

Databases we build for clients on COI tracking protects their reputations by showing customers, lenders, investors and community stakeholders that their organizations manage third-party risk responsibly. In sectors like construction, property management, education, financial institutions and public entities, this can be a differentiator when bidding or renewing key relationships.