How Smart COIs Can Revolutionize Insurance
Smart certificates of insurance eliminate risk, ensure compliance and reduce costs for every stakeholder in the process.
While commercial insurance is still a very paper-based industry, the issuance and tracking of certificates of insurance (COI) is ripe for innovation. A COI is a document that provides proof of a business's insurance coverage and can be shared with clients and vendors.
COIs are often shared as paper documents or email attachments, which means they can quickly become outdated. They must be checked, re-checked and verified constantly to make sure the information is still valid. This is a time-consuming and inefficient process.