Best Certificate of Insurance Tracking Software
Protect Your Business From Costly Claims
Ask your CFO or Risk Manager just how much claims and lawsuits can cost your business. If you are collecting certificates just to confirm they were received, you have no guarantee that your requirements are being met. myCOI Central is built on a foundation of insurance industry logic to ensure you remain protected with the appropriate coverage.
Automate Your COI Tracking
There’s no more need to worry about stacks of certificates cluttering up your office or hours of frustrating phone calls and emails to chase down certificates. myCOI Central provides your company with a solution to automate your insurance certificate requests, collection, and compliance resolution, while also giving your team a single, centralized repository to view compliance.
For Agents & Brokers
Win business and boost retention by providing agency branded, industry leading insurance tracking software to your insureds. Offer software only or add on your own compliance review services.
What Are The Benefits of COI Software?
Acord Certificate Of Liability Insurance PDF
If you are a risk manager, you need to protect your company against all forms of risk. You have to make sure it has the proper license and insurance protection if something goes wrong. That way, you know your company also has the right insurance policies to protect the company. At the same time, you will probably have a lot of contractors working for your company. How can you ensure that all of them have the correct types of insurance protection? That is why your company needs to have a platform that can track each individual ACORD Certificate of Liability Insurance PDF you receive, including an ACORD 25 PDF. A cloud-based platform can help you do that.
When you have to keep track of a variety of certificates of insurance (COI), you need to use a platform that can automate this process for you. If you use a digital platform, you no longer have to worry about keeping track of a paper trail. Furthermore, you can track more than one COI at a time. You can retain and organize vendor information, your individual insurance requirements, and the certificates you receive in one centralized hub. myCOI’s DocHub provides tracking non-insurance-related documents, such as licenses, W-9’s, etc. for third parties.
Even though you may have been tracking this information manually for many years, now you can save money and reduce your risk by monitoring all of it using an advanced tool. Rely on myCOI to help you keep track of your individual certificates of insurance.
ACORD Certificate of Liability Insurance
When you examine the individual certificates you receive from the contractors hired by the company, you need to be familiar with the forms you review so that you will not overlook anything. For example, the ACORD certificate of liability insurance can change from year to year. You need to make sure you keep track of the pertinent information, including the insurance carrier, the policy number, the effective date, the expiration date, and the limits of liability. And make sure you have the correct form. Remember that they can change, sometimes without much warning. Though there is no such thing, if there had been an ACORD certificate of liability insurance 2021 form, it may not have been necessarily the same as the ACORD certificate of liability insurance 2020 form (if there had been new forms those two years, which there weren’t).
Once you receive these documents, you need to scan them into your centralized hub as quickly as possible. Or, if you receive them via email, you need to move them to an organized location. That way, if you have questions about the limitations of the protection or you are worried the protection may not be appropriate for the job, you can recall it quickly. If you can use an automated system to help you pull up these documents, you will save time and stress, allowing you to focus your energy on other parts of your job. All risk managers need to take advantage of a centralized platform that can help them keep track of these important documents.
ACORD 25 Form
You need to verify that you have the correct forms from each contractor you hire. For example, one of the most common forms you may encounter is the ACORD 25 form. This is a certificate of liability insurance form that indicates the contractor has liability insurance. If the contractor is liable for the damage they may have caused during the job, this insurance policy may help your business cover the cost of repairing some of the damages or replacing some of the equipment that may have been lost.
Your business needs to review the ACORD 25 fillable 2016/03 carefully to be familiar with the information included on the form. If this is not enough information for your company, you need to ask for another form or ask the contractor to provide that information separately so you can ensure their business is compliant. You should be familiar with these forms because you must keep track of all the information they include. That way, you know your company has been sufficiently protected.
ACORD Certificate of Insurance Sample
If you are looking for an ACORD certificate of insurance sample, you should be familiar with the different options for a certificate of insurance form sample. This includes a sample ACORD 25, which is a certificate of liability insurance. With an ACORD 25 sample, you should have access to the information you need to show that the company has been protected. At the same time, how can you make sure your company is adhering to all relevant compliance issues?
That is precisely why the insurance pros at myCOI provide this essential service for your certificate of insurance management. You can take advantage of the insurance management team from myCOI. They can help you verify all of your requirements, making sure you are in compliance with the latest rules and regulations. That way, you can not only make sure that your business is protected against potential damage caused by contractors, but you can also reduce your regulatory liability as well. If you have questions or concerns about your certificate of insurance requirements, you should rely on the insurance management team from myCOI. They can make a significant difference when you are looking for ways to reduce your risk profile and protect the company from harm.
Certificate of Liability Insurance ACORD
If you are curious about the ACORD certificate of liability insurance 2021, it may be helpful to look at a certificate of liability insurance form example. When you need help keeping track of your vendor’s certificate of liability insurance ACORD, you should rely on the Compliance Manager feature from myCOI so that you can make sure you remain compliant with all requirements regarding liability insurance.
When you take advantage of the Compliance Manager feature from myCOI, you can streamline the review process and quickly review all certificates, ensuring that you are in compliance with rules and regulations. Then, if there are any compliance issues related to your vendor’s liability insurance certificate, you can address them proactively with your risk management team. If the contractors do not have the right type of insurance for your company, you can follow up with them as well.
Instead of constantly and systematically reviewing all of your certificates manually, the Compliance Manager tool can help you focus on the certificates that need your attention the most. You need to make sure the company is protected against all types of risk, and the Compliance Manager tool can help you do exactly that.
ACORD Certificate of Insurance Verification
If you are wondering how to get ACORD insurance certificate, you need to learn more about the ACORD certificate of insurance verification. You need to make sure you can track your contractor’s liability risk in real-time. This is another area where myCOI can help you. Using the Risk Insights feature, you will have access to reports and insights on a centralized dashboard. You no longer have to worry about navigating through multiple layers of files to figure out if your contractors are in compliance or not.
You can simply take a look at the dashboard, track the compliance of your contractors, and identify liability risks before they become an issue. This will allow you to quickly and easily make decisions that will protect the company. You can follow up with your contractors, their agents, or brokers, report to your directors, and ensure the risk management of the company is being handled appropriately. Of course, you can also verify that your contractors are in compliance with rules and regulations related to your industry. Make sure you can keep track of certificates of insurance using the risk insights feature from myCOI.
ACORD Certificate of Insurance Fillable
There are other features that can help you keep track of your ACORD certificate of insurance fillable, including your ACORD 25 certificate of insurance forms. With access to a certificate of liability insurance form PDF fillable, you can make sure the company is protected. In particular, you should take advantage of the Policy Reader feature of the Compliance Manager.
The policy reader has been designed to scan these certificates for you automatically. Then, the data will be automatically entered into the myCOI platform, so you can spend less time on data entry and more time on analysis. You don’t have to worry about manually reviewing your contractor’s certificates any longer, as the process can be automated so that you no longer have to spend so much time on clerical work.
Your time is your most valuable resource, and you have to make sure you protect it, just as you protect the company from unnecessary risk. That is why you need to take advantage of an advanced platform such as myCOI, which can help you automatically keep track of the certificates of insurance you get from your contractors. Save time and reduce risk by taking advantage of all the features available from myCOI.