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 […]
What Are COIs? A Guide To Certificates of Insurance
Any business that works with third-party vendors opens itself up to new risks that could […]
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.
Commercial Property Insurance
If you run a business, then you already understand that this is a valuable investment. Moreover, you know that you need to protect this investment if you intend to place your business in the best position possible to be successful. Think about all the time, money, and effort that you’ve already put into growing your business – if you don’t protect it, then you leave yourself vulnerable to a number of risks that could damage it beyond saving. For this reason, you need to think carefully about commercial property insurance.
When it comes to commercial business insurance, there is a lot to think about. One of the most important factors you need to consider is that there are different types of insurance policies for different types of risk. For example, not every business has commercial vehicles. However, if your business does have vehicles, then you need to invest in commercial auto insurance. Or, if you own property specifically for your business, then you certainly should take a look at commercial property Insurance for your property. When it comes to commercial property insurance cost, too, you need to make sure you have enough coverage for your business property. A commercial insurance professional can help you do all of this.
As you rack up different types of insurance policies, you also need to make sure that you manage them appropriately. You also need to make sure you’re tacking insurance for any third parties in contract with you. Different types of insurance policies have different types of coverage and different expiration dates. You do not want to let your third party’s insurance policies lapse because this will leave your business vulnerable to certain types of risks associated with your third parties. Furthermore, you may be in violation of certain contractual requirements if you do not maintain the proper insurance coverage for your company, its assets, and your third parties.
This is why it is important to invest in a software program that can help you track your various certificates of insurance.
Types of Commercial Property Insurance
When you look for a commercial property insurance 101, you will quickly realize that there are many types of commercial insurance, beginning with commercial property insurance. One of the most important commercial insurance trends 2021 is that commercial property insurance is growing quickly. This may also have an impact on commercial insurance rates.
So, what do you need to keep in mind when it comes to commercial property insurance? First, understand that there are multiple types of commercial property insurance.
Of course, you also need to purchase commercial property insurance for buildings you own or lease. Do you have multiple buildings that are used to run your company? If so, then you need to make sure you purchase insurance that includes each building. What type of insurance do you need? To start with, you should make sure your business is protected against fire, floods, mold, and numerous other types of hazards. For example, if your place of business is damaged by an electrical fire, then your insurance should cover this. Discuss the appropriate hazards that your building needs coverage for and read the commercial property insurance policy carefully to make sure your coverage needs have been met.
In addition, you should also make sure your commercial property insurance includes the equipment and contents you have inside these buildings. For example, did you purchase a lot of expensive electronic equipment to run your business? What would happen if this equipment was damaged? Your insurance policy should be able to protect you against this type of risk. If you are unsure of exactly what your commercial property insurance will cover and protect, then you should reach out to a professional who can help you. That way, you won’t overlook any common factors when you purchase your commercial property insurance.
Commercial Property Insurance Coverage
If you are taking a closer look at commercial property insurance coverage you might be wondering how to determine commercial property insurance rate. Importantly, there are several factors that play a role in just how much you will need to pay for your commercial property insurance. For example, the value of the items you are trying to protect will always influence your commercial property insurance rate. It only makes sense that more expensive items will also cost more money to protect. That is why your commercial building insurance will almost always be a bit more expensive than your commercial vehicle insurance.
Next, your geographic location will also play a role in how expensive your commercial property insurance is. If you are located in an area with a higher incidence of crime or of adverse weather, then there is just a greater chance of something happening to your buildings or vehicles. That is why your commercial vehicle or commercial property insurance rate may be higher. Or, if you are in an area with higher tax rates, you may have to pay more for your commercial property insurance coverage as well.
With all of this in play, you may have questions when it comes to understanding commercial property insurance. Fortunately, there are professionals who are qualified to lend a helping hand in making this entire process easier. If you have questions or concerns about how expensive your policy is or what type of coverage you require, do not hesitate to reach out to an insurance professional for help. You need to make sure you have the right type of commercial insurance coverage – and even though you might be watching costs closely, you also have to make sure your business is adequately protected, and an insurance professional can help you make the right decision here. Then, with the right type of commercial property insurance, you can focus on what matters most to your business.
Commercial Property Insurance Guide
Clearly, there are a lot of nuances and things to consider when it comes to commercial property insurance. For example, you may be concerned about commercial insurance rate increases in 2021. You might also want to learn more about the commercial property insurance rate formula used to calculate the premium. Every insurance company uses its own formula, which may also change depending on the current market. Therefore, it may be helpful to take a closer look at a commercial property insurance policy example, which you can often find in a commercial property insurance guide.
This kind of guide is helpful because it will also help you interpret a lot of the jargon you’ll find in the commercial insurance industry. If you review this kind of guide closely, then you’ll have an easier time understanding more of the vocabulary being thrown around. That way, you can make sure you purchase the right commercial property insurance for your company. Then, after making sure everything you have is properly protected, you can focus on expanding your business instead of having to worry about how you are going to pay for the damage in the event of an accident or disaster.
Sometimes a commercial property insurance policy sample document can help you understand the matter more; speak to your insurer to see if one is available.
Commercial Property Insurance Near Me
Almost every business owner has had commercial property insurance coverage questions. If you are looking through an example such as a commercial property insurance PDF, you will probably have even more commercial property insurance questions. You may start out by visiting a search engine and looking for commercial property insurance near me.
If you can find a company that can provide commercial property insurance in your local area, that is great. On the other hand, though, keep in mind that you do not have to stick with the choices of an insurance company in your immediate geographic area. Instead, it is more important to find the best commercial property insurance coverage at the best price, while assuring your company is fully protected.
To achieve this, you need to compare the benefits and drawbacks of all commercial property insurance options at your disposal. That often means expanding beyond your immediate geographical area, since there are plenty of insurance companies that can provide you with outstanding coverage even if they are not located in the same zip code as your business. Remember that you probably will not have to meet with your commercial property insurance company face-to-face in order to benefit from their services. Therefore, you should not have to worry about traveling any particular distance just to get insurance coverage for your business. Instead, take the time to find the best commercial property insurance for your company while keeping in mind that this coverage may not necessarily be in your immediate area.
Small Business Insurance
Finally, depending on the size of your enterprise, you may also need to make sure you have small business insurance. If you are operating as an LLC for example, then you definitely need to make sure you have small business property insurance.
Insuring a small business is different, compared to larger corporations. Here, there are many different regulations you have to follow in order to reduce your risks and remain compliant with insurance requirements. In addition to thinking about traditional weather, theft, and property damage risks, you also have to think about regulatory risk as well. Also, at this size, you may not have an internal employee whose job it is to deal with insurance and related questions.
Because so many things are different when it comes to a small business, you need to make sure you know all of your coverage options. That way, you can predict what matters most to your business. For example, what type (or types!) of coverage do you need for your small business? What types of coverage do your third parties need to provide evidence of? In addition to commercial liability, commercial auto insurance, and commercial property insurance, you also have to make sure you protect your business and yourself against legal liability as well.
For these reasons, you should consider working with a professional who can help you track your third-party certificates of insurance. That way, you do not have to worry about their insurance coverage lapsing without your knowledge. Plan and protect your small business accordingly.