Best Certificate of Insurance Tracking Software
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.
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.
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?
Certificate Of Liability Insurance ACORD
Proving that someone has the insurance coverage in place that they say they do is […]
How Do I Ask for a Certificate of Liability Insurance?
When it comes to managing risks when working with vendors, contractors, subcontractors, and other third […]
How Important Is a Certificate of Insurance?
As a small business owner in the construction industry or another field where work-related accidents […]
How Much Does a COI Cost in the USA?
Any business with an insurance policy, such as general liability insurance or workers’ compensation insurance, […]
What Is an Insurance Certificate for a Business?
An insurance certificate, also commonly referred to as a certificate of insurance or COI, is […]
What Our Customers Say
OUTSTANDING!! In my opinion, this has been the best program I’ve had the pleasure of using. From all the services provided within the program and the exceptional customer service, this has made my job duties very manageable. I cannot say enough good things about this program. I highly recommend it!
Having one place for our customers to upload their insurance certificate makes tracking insurance certificates much easier. We use to internally file and collect insurance certificates from customers and it was a challenge to collect all of that paper and to effectively track the insuarnce certificates.
We switched to myCOI from another insurance tracking system because we were looking for a more involved vendor that could do more for us than just track certificates. We needed help with compliance and having a system that could contact vendors and keep on them until they became compliant with insurance. myCOI does this for us and we have very few non-compliant vendors compared to the number we had in our last system.
The product has met our expectations in that it has allowed us to regain some time that was previously spent doing all of the administration of insurance cert requests, reviews and acceptance. With that, we have been able to reallocate resources to more pressing business needs rather than insurance certificate management.
Our clients are thrilled with myCOI and how their compliance levels have been elevated beyond expectations. The reports and analytics are so valuable in measuring activity and compliance achievements. The system functionality is easy to use. The team are true partners.
MyCOI is a very great portal, a space where to keep organized all our certificate of insurance for our vendors. With the advantage that are online, always accessible and no paper backup is needed.Once you learned how to navigate into the portal and how to use the report tab you will have a world opening to you. In just one place you can access all the vendor information, policy expiration date, non-compliant policy line and see the last date when a document was updated.Our Senior Client Success Manager, [sensitive content hidden], she is always on top of our requests, and she replies promptly.
MyCOI has been a fantastic partner for our company. With frequent meetings with our dedicated account manager, ongoing communication, and the ability to customize our insurance needs with precision, we’ve seen exceptional outcomes throughout our portfolio. [sensitive content hidden] has provided invaluable assistance, and the review team is exceptionally competent and amicable, even when we inundate them with urgent requests. Overall, it’s been an excellent experience, and we’re eagerly anticipating our continued collaboration with them.
myCOI has helped our company go from drowning in unreviewed cois to getting our insurance review under control. Their team has been an amazing support and resource, and helped us to navigate the Essentials program, later transitioning to Concierge service as the workload was more than our team was able to manage. The beauty of this platform is that it provides a single, central hub for clients, agents and vendors to access, update and communicate. Every myCOI team member with whom I have worked has provided excellent service, been pleasant, knowledgeable, and provided quick response times. The quarterly meetings are beneficial to recap what is going well, where we need to improve and have questions answered. I highly recommend myCOI.
myCOI provides amazing custom support and they make the platform very easy to navigate. The myCOI team is always very helpful and quickly responds to my questions or goes out of her way to direct me to the correct team member who is able to assist me.
myCOI has amazing customer support. Our account representative meets with us quarterly to keep up-to-date on how our group is feeling about utilizing the system and interfaces with us day-to-day, as needed, to address any issues we encounter with agent notes, reviews, etc. It has been an incredibly efficient and beneficial relationship since day 1.
The myCOI platform has been so easy to work with from multiple angles. Because there are multiple stakeholders, we are all notified and kept in the loop if there are any COI tracking issues that need to be revised.
ACORD Form Certificate Of Insurance
If you are new to the world of liability insurance, then you might not know all of the subject’s intricacies. You have a lot to learn. Fortunately, you can use many resources to get up to speed.
You might come across ACORD insurance during your online research. It sounds like a reputable company. Do they offer insurance? What are their rates? Do they cover anybody?
ACORD insurance does not exist.
ACORD is not an insurance issuer so you do not have to learn about ACORD insurance claims and deductibles.
ACORD stands for the “Association for Cooperative Operations Research and Development.” The non-profit organization issues and stores standardized insurance forms. Companies across the United States use ACORD forms because they follow, some would say they set, industry guidelines.
A common ACORD form is the ACORD 25, which is the standard liability insurance certificate. The ACORD 25 form proves that the named insured’s coverage is active and valid. Companies that collect these forms from their vendors and contractors must verify, store, and monitor the forms. The process can become unwieldy if a company has to manage hundreds of certificates or more. They must collect a certificate of insurance from each third party they hire. One form per third party multiplied by the number of third parties can equal a lot of headaches.
Learning how to get ACORD insurance certificate forms is simple. However, do not let simplicity fool you. Entering “ACORD form certificate of insurance” or “ACORD 25 form fillable” into your favorite search engine can yield a long list of results. Where do you go? What sources can you trust?
While this article is not a comprehensive ACORD forms instruction guide, it can present general information about the ACORD 25 form and certificates of insurance. The more you learn now, the better position your company will be in when it is time to handle its insurance requirements.
ACORD 25 Fillable
An ACORD 25 fillable form will typically list information like the name of the insured party, the name of their insurance issuer, and the type of policy they have. You can search online for an ACORD form 25 PDF sample to get a better idea of what to expect to see. However, downloading an ACORD form from a random website can prove detrimental. Anyone can upload any document to the Internet and claim theirs is the best. Someone with no insurance experience can craft an erroneous form and present it as an ACORD 25 form template for everyone to use. Someone could even make a form every year and market it as that year’s latest form. “An ACORD 25 fillable 2021 is last year’s form. Don’t you want an ACORD 25 fillable 2022? We’ve got you covered!”
There is no such thing as an ACORD 25 fillable 2021. In fact, the most recent official ACORD 25 is current as of 2016. Don’t let “reputable” sources trick you.
If you want the real ACORD certificate of liability insurance form PDF, then you must visit the ACORD website. A random sample found online is no substitute for the real form.
ACORD 25 Fillable 2022
As previously mentioned, there is no such thing as an ACORD 25 fillable 2022. If there was, then ACORD would update the official form. Does this negate other forms that claim to be the year’s latest?
It depends on where they come from.
If you download a form from a website that sounds less than reputable, then you should not waste your time. If you find one offered by an insurance expert you have heard of, then you can download the form but still take its validity with a grain of salt.
Is searching for ACORD forms worth the effort?
Free fillable ACORD forms have their purposes. If you insist on downloading an ACORD 25 PDF from an unofficial source, then you should only use it as a reference to get an idea of what the actual form looks like. An ACORD 25 sample can acquaint you with what insurance compliance specialists must verify each time a certificate of insurance crosses their desk. You must keep in mind that they do not receive a blank ACORD form from their third parties. Each ACORD certificate must be accurately filled out. If they are not, then the specialists must track down the third party and address the issue. Just dealing with one form can be a hassle. Can you imagine someone having to process a stack of ACORD insurance forms?
Companies that hire a lot of vendors and contractors have to contend with the heavy reality of processing stacks upon stacks of certificates of insurance.
ACORD Certificate Of Insurance PDF
If you search for “ACORD 25 (2016/03 fillable),” you will be faced with some questionable search results. Tucked within the results is the actual ACORD website. You now know to deal directly with them when you want a certificate of liability insurance ACORD or any of their other offerings like an ACORD certificate of property insurance.
What an ACORD certificate of insurance PDF can not teach you is how much work goes into certificate of insurance tracking.
Specialists must spot fraudulent forms. Dishonest third parties might attempt to claim they are covered when they are not. Since downloading an ACORD certificate of liability insurance fillable form is easy, filling it out with false information is just as simple.
Unfortunately, a training tool like a certificate of liability insurance template can be used for such reasons. However, the onus falls on insurance compliance specialists to root out the fake forms so they can protect their companies in the event of claims of negligence.
A misused certificate of liability insurance form PDF is not the only thing specialists must constantly look out for. They have to ensure that the vendors and contractors their companies hire have the right coverage that matches all the requirements. This means specialists must know what their companies need to stay safe against claims and lawsuits as well as comply with regulations. Laws sometimes change. Insurance compliance specialists have to keep current with the latest facts otherwise their companies could suffer.
Certificate Of Liability Insurance Form PDF Fillable
By now, you should be aware of the pros and cons of free ACORD 25 fillable forms. A certificate of liability insurance form PDF fillable version can be effective when used for the right reasons.
Some insurance compliance professionals still refer to a blank ACORD certificate of liability insurance fillable form when they process their company’s forms. The same people who still use an ACORD certificate of liability insurance PDF to help keep their companies safe might think they are doing the best they can.
Even if they received the template straight from ACORD, they might think that a certificate of liability insurance form ACORD download is better than one from a random website. They might be correct but they miss the point.
Insurance compliance professionals who use a blank certificate of liability insurance form while they work are manually processing their companies’ certificates of insurance. This approach can do more harm than good.
Certificate of insurance compliance should only be handled by trained experts. Manually processing each certificate creates opportunities for mistakes and takes a lot of time depending on the workload. Even skilled professionals can inadvertently skip over an important field, especially if they have to handle hundreds, or even thousands, of forms. They can get tired and miss fake certificates. They can speed through their paperwork because they have to work on something else before quitting time. Rushing through the process can cause oversights that jeopardize a company’s fortunes. How can anyone keep up with the demands of this task?
ACORD Certificate Of Insurance Sample
You now know that an ACORD 25 fillable 2021 does not exist. An online search for “ACORD certificate of liability insurance 2021” can lead you astray. You also know about the pitfalls of obtaining an ACORD certificate of insurance fillable. You know that an ACORD certificate of insurance sample can be used for good and bad. Additionally, you know what it takes to validate a certificate of insurance ACORD form. A certificate of insurance sample PDF can teach you so many lessons. However, you can skip looking for a sample form when you partner with a solution that reduces the time, energy, and risk that goes into certificate of insurance management.
myCOI can simplify insurance tracking. The cloud-based platform gives insurance compliance professionals a single place to view their certificates, compliance, and risk reporting. This brand of administrative simplicity can facilitate the processing of every collected certificate.
Automating insurance tracking can save companies time and money. Built for the end-user, myCOI is supported by insurance experts who can stay updated with regulations so companies do not have to. Overworked and stressed compliance specialists can keep their companies protected with ease.
myCOI eliminates the need to manually process any certificate of insurance. You do not need to compare a vendor’s certificate with the one you hastily downloaded from the Internet. All of your vendor and contractor certificate tracking problems can become non-issues as you steer them to compliance.