Insurance Coverage Monitoring

Manual processes are creating opportunities for errors, delays and gaps in coverage.

The manual process of verifying vendor insurance compliance via phone calls and emails is not only time-consuming, but also prone to errors and delays. The static nature of COI's means that by the time they're received, the information may already be outdated, leaving businesses vulnerable to gaps in coverage.

Businesses risk paying millions of dollars in lawsuits from accidents caused by suppliers. It’s impossible to guarantee that your supplier has the right coverage when you manually check once a year. They could stop payments, change coverage or simply not have enough coverage if multiple clients were impacted.