Certificates of insurance (COI) can lead to a false sense of security, as they are only a snapshot in time.
What's more, they're issued as a matter of information and confer no legal rights on the certificate holder.
To safeguard your assets, you need more than a certificate. You need a true transfer of risk.
AUTOMATE THE PROCESS
In any B2B relationship, the burden is on the hiring party to protect itself from risk created by subcontractors, vendors and service providers.
Tracking certificates is necessary, but it won't keep you from being blindsided by a risk you never saw coming.
CONTRACT
TRANSFER
VERIFY
Introducing
VIRTUAL RISK MANAGER
FEATURES
COI-VERIFY is a cloud-based application with the visibility and structure to automatically transfer risk to the party that created it.
Innovative Artificial Intelligence
COI-VERIFY has developed an innovative artificial intelligence application that "thinks like" an insurance risk manager.
Embedded Risk Management
Embedded risk management logic protects your bottom line by ensuring that risk is transferred to the party that created it.
Automated Follow-up
Contracts address indemnity provisions, comprehensive insurance requirements and automated follow-up to verify that coverage remains in force.
CLOUD - BASED WORKHORSE
Originally designed for the construction industry, COI-VERIFY can be easily customized and branded to support any business where a COI is required.
DESIGNED
to Deliver
to Deliver
Risk Transfer
COI-VERIFY meets the risk transfer certificate management and insurance compliance needs of hiring parties required to collect a COI.
The system is programmed to protect the carrier, and the best interests of its insureds.
PRICED
to Perform
to Perform
$200 a month
An annual subscription pricing structure of about $200 a month makes COI-VERIFY the most
cost effective risk transfer and compliance platform on the market.
READY
to Roll
to Roll
15 Minutes
Your personal COI-VERIFY Concierge can have your contracts on-boarded and your
customized application up and running on the web in 15 minutes.
VERIFIED
Value
Value
95% compliance
Our research shows that only about 22% of certificates actually meet
their contractual requirements. After 60 days with COI-VERIFY, that number
jumps to 80%. By the 12-month mark, clients experienced 95% compliance.
LEARN FROM OUR MISTAKES
COI-VERIFY was developed by B2B contracting and manufacturing executives who learned the hard way what happens when you think you’re covered, but you’re really not. Our risk-transfer system is proven to save time and money, while boosting compliance and accountability. Managing compliance manually takes an average of 10-15 hours of staff time per week. COI-VERIFY cuts that to 10-15 minutes per week for an estimated savings of $15,000 per year.
$15,000 ESTIMATED SAVINGS PER YEAR
Message...
Just now