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?
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.
Certificate Of Liability Insurance Form
If you run a small business today, then you have probably already seen firsthand the importance of protecting your investment against unexpected damages and events. While you certainly plan to do everything you can to provide exceptional products and services to your customers, it’s also important to think about your liability if something beyond your control happens.
A certificate of liability insurance form is key because it serves as proof that your business is adequately protected against potential risks. Especially in certain industries, many clients will hesitate to go with a company that does not have the right protection in place and the right forms to show what kinds of protection they have. This is why it is important for you to learn how to get an ACORD insurance certificate.
When new business leaders think about ACORD insurance services, they are often envisioning an insurance company that provides them with a specific type of insurance. However, keep in mind that this is not quite what ACORD does. Instead, ACORD is a nonprofit organization whose main service is to provide insurance form solutions.
It is also important to remember that these forms sometimes change from year to year. This is why the ACORD certificate of liability insurance 2020 form may not necessarily be the same as the ACORD certificate of liability insurance 2021 form. And quite often, we at myCOI get asked about annual updates to forms that were not, in fact, updated, so always be sure to go to the ACORD site itself and double-check the most recent version of the form. A certificate of liability insurance is complicated enough.
All things considered, in order for you to make sure that you can prove your business is adequately protected, it is important to make sure that you have the right certificate of insurance liability form. Plus, if you are wondering how to do that exactly, then it is important to take a closer look at the instructions that go along with this form from ACORD. Not so you can fill it out, but so that you can confirm that your insurance agent or broker, who is the only person who should be creating your certificates of insurance, got all the details right.
So, what do you need to know about this process? What are a few key points that you need to keep in mind? Let’s take a look at some.
ACORD 25 Instructions
Without a doubt, one of the most important forms to mention here is the ACORD 25 form. If you are looking for an ACORD 25 fillable 2020 or an ACORD 25 fillable 2021, though, just keep in mind that the ACORD 25 form 2020 is not necessarily the same as the ACORD 25 2021, and in any case ACORD’s own form index wil telll you the 2016/03 form appears to be the last update, so you may not be looking for a real thing. Also, before you decide review how your agent or broker filedl out this form, it is important to take a closer look at the ACORD 25 instructions. That way, you can figure out exactly what you need to do in order to protect your business accordingly.
Remember too that it is your risk management team’s job to make sure they stay up-to-date on the details of your business’ third-parties’ insurance coverage. In other words, they should always be able to tell you when your subs’ policies go effective, when they expire, and when you need to check for renewal. This is important because if you allow your third parties’ policies to expire without being renewed, then you leave your business potentially vulnerable to serious problems. This is a contractual obligation your third parties assume by working with you: hold them accountable to it.
ACORD Certificate of Insurance Sample
If you’re trying to understand what a certificate of insurance does, looking at an ACORD certificate of insurance sample is one of the best places to start. The nonprofit ACORD—the Association for Cooperative Operations Research and Development—publishes and maintains an extensive list of standardized forms. Using a list of ACORD forms makes it easy to ensure that you’re using forms that the larger insurance industry will recognize.
A certificate of insurance is issued by an agent or insurer and certifies that the named insured carries the protections and coverage listed at the time the certificate was issued. That’s the most simple form of a certificate of insurance explained.
If you’re a business that receives certificates of insurance (COIs) from the contractors or vendors you hire, you already know the critical need you have for collecting, tracking, and verifying them. Your business has rules about the coverages and endorsements it requires, as well as the limitations or exclusions it will not. All of that may be discoverable on a COI, or possibly not.
ACORD Certificate of Insurance Verification
It is important for you to verify your certificate of insurance as well. If you are wondering how to verify a certificate of insurance, then it can be helpful to take a look at the steps involved in ACORD certificate of insurance verification. Fortunately, once you get the right certificate, this will be a relatively easy process.
This is why it is critical, if you’re a subcontractor, to let your insurance agent or broker issue your certificate of insurance. First, because it’s a certificate that’s certifying something, and only the insurer can certify that. We could tell you horror stories about dishonest third parties trying to claim “it’s okay, we had ACORD verify it,” as if that were a real thing. ACORD does not verify insurance coverage, issue certificates, or anything else to do with issuing coverage. ACORD generates the forms. That’s really about it.
Likewise, keep in mind that this process is not something you need to go through alone. If you have questions or concerns about any part of the verification process, then you can—and should!—reach out to professionals who can help you. Namely, your insurance broker. That way, you know you have gone through the process correctly and will have the right proof of insurance in hand.
ACORD Insurance Claim Forms
If anything unexpected happens to or at your business, then you may be interested in filing a claim. After all, the entire purpose of having insurance is to protect against catastrophic damage. In that case, you may be looking for claims forms that can help you with this process. Here again, it is important to remember that ACORD is not an actual insurance company and they will not handle your actual coverage. That is the role of your insurance provider. Instead, ACORD is a nonprofit organization that simply provides the insurance industry with forms and other information that you can use to file a claim with your insurance carrier. This is why it is possible to get a certificate of insurance online, which is usually listed right next to the ACORD insurance claim forms.
Always remember: a claim is filed with your insurance provider. Your broker or agent will give you all the necessary information, forms, or advice. Do not, under any circumstances, try to file a claim without your broker’s knowledge and help.
If you are looking for ACORD forms, then you might come across ACORD insurance reviews as well. As you do, you might also find a few reviews that are unhappy that ACORD is not paying for someone’s insurance, but these are misleading because that is not this organization’s purpose. So don’t let these interviews mislead you about working with ACORD!
ACORD Certificate of Property Insurance
It is important for you to make sure that you protect all assets associated with your business, no matter what they are. Even though you probably think about finances and bank accounts in this light, it is also important to think about your property as well. Your business property is also an investment, and as long as you take care of your property, then it can serve your company now and you may be able to sell it for a significant profit further down the road. This is true whether you have a residential property or commercial property. So, it is important for you to make sure that you have a certificate of insurance for each individual piece of property associated with your business. That is why it is important to take a closer look at an ACORD certificate of property insurance.
There are two important forms that will serve as evidence of property insurance. First, the ACORD 27 fillable is typically for residential property or smaller commercial properties while second, the ACORD 28 is typically for larger commercial property insurance. You need to have your evidence of property insurance ACORD 28 and your evidence of property insurance ACORD 27 fillable as proof of your insurance policies. If you have questions or concerns about how to fill out these insurance forms, you should reach out to insurance or risk management professionals who can help you. That way, you know you have the right certificate for your particular policy.
Clearly, there’s a lot for you to think about as you get started on protecting your assets. You need to have certificates of insurance because they serve as proof of the insurance policies that you have in place. If you do not have these certificates, you may have a hard time convincing people to deal with your company.
Likewise, even though you may have questions about filling out these forms, this is not something that you have to do on your own. Instead, there are professionals who can help you fill out these forms accordingly and secure the right proof of insurance forms.s