Certificate of Insurance (COI) Management

Tracking third-party certificates of insurance is just as frustrating as it is critical to minimizing your company’s exposure to liability. Missing a vendor’s expired certificate can leave your company vulnerable to serious financial harm should a contractor or supplier cause property damage, personal injury, or worse. This is why we made our Certificate Management Service a core part of our risk management solutions. 

The FIRST, VERIFY COI Management web application automatically notifies the contractor or supplier well in advance of a certificate’s expiration date, allowing time for the submission of a renewed certificate. Our customer support personnel maintain continuous oversight until the policies are renewed and an updated certificate is issued. This service also tracks missing policies, insufficient limits, missing additional terms, and provides regular reports to you that detail noncompliance issues by vendor.
Benefits
  • Relieves your administrative burden
  • Automated monitoring of certificate status
  • Reduces your administrative costs
  • Improves compliance

Certificate Management Solutions

The proper management of certificates of insurance is incredibly important — in any industry. Not only does having a certificate management tool help you determine and plan for when a contractor’s certificate will expire, but it also allows you to look forward and notify the contractor of an upcoming expiration so it can renew its certificate and continue working without skipping a beat. 

If you believe that the FIRST, VERIFY COI Management application could be a benefit to your business, we urge you to get in touch with a member of our team today. We would be happy to discuss current risks in your industry, as well as how our risk management tools can be used to help.
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