What We Do
myCOI combines industry expertise and customer service to understand our clients’ needs, and deliver the technology and services to address them.
Importance of COI Management
Ask any CFO or Risk Manager and they’ll tell you just how much sleep they lose thinking of the financial impact that claims and lawsuits can have on their business. And as companies continue to try to reduce costs by trimming coverages, the risk of non-compliant vendors, tenants, and subcontractors, suppliers continues to grow.
If you are collecting certificates just to confirm they were received, you have no guarantee that your requirements are being met. Tracking and managing certificates of insurance to confirm all limits, endorsements, and insurance requirements are in place allows your business to transfer costly claims and other exposures to your vendors.
Software Developed by Insurance Experts
We came from the insurance industry. As insurance professionals, we experienced the same frustrations with the certificate of insurance process—working with 3rd-parties, reissuing certificates due to incorrect or missing information, and having little visibility into our actual level of compliance.
So we developed myCOI Central —an easy-to-use, cloud-based solution that has our industry experience built right into it—to help you collect, review, and track COIs.
Let’s face it, the entire certificate of insurance process isn’t fun for anyone: you, your third-party relationships or their insurance agent. Sometimes you just don’t want to deal with it.
Insurance Pro enables you to take advantage of the myCOI Certificate Management Team, a group of qualified insurance professionals who act as your extended compliance team. We can review your certificates to identify compliance issues for your organization to address, or we can manage your entire COI process and support your vendor and agent questions and non-compliance concerns, allowing you to focus on running your business.