Category: COI Tracking Best Practices

COI Tracking Should be a Core Insurance Agency Software Offering

July 21, 2022

If you are an independent insurance agent, then you know that you have a lot to do on your own. Without the backing of a national issuer, you have to fight an uphill battle to keep your agency solvent. You need an advantage or, in the least, assistance to even the playing field. Agency management […]

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Are You Overworking Your Compliance Admins? It May Cause Errors.

December 16, 2021

The 2021 economy is outperforming expectations, especially coming out of a global pandemic that brought the world to a standstill. That’s great news for almost everyone—except people working in risk and compliance. More business has compliance administrators operating at the brink. When overworked and under-resourced, errors become inevitable. This is especially true with the traditionally manual compliance […]

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myCOI Raises $5 Million to Fuel Product Innovation and Company Growth

September 8, 2021

INDIANAPOLIS (September 8, 2021) – myCOI, a certificate of insurance (COI) tracking and management solution, today announced it has secured $5 million in debt financing to fuel its continued growth as an industry leader in the COI tracking space. The funding comes from SaaS Capital, a leader in growth debt for B2B SaaS companies. “Since founding […]

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Seven Strategies for Becoming a Productivity Superhero

August 30, 2021

The adage says, “work smarter, not harder.” Much easier said than done. Especially before the days of juggling work priorities, virtual schooling, and home duties all thanks to the pandemic. In fact, data shows that among COVID-19’s many impacts, it ushered in longer workdays, more meetings, and additional daily emails. If you constantly feel like […]

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Put Away the Spreadsheets. It’s Time for COI Tracking Software.

May 11, 2021

Some companies still use spreadsheets to track the certificates of insurance (COIs) they receive from their vendors, contractors, and other third parties. Small companies that hire only a few third parties at a time might find that a COI tracking spreadsheet meets their needs. However, if these companies grow and hire more third parties, their […]

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Why You Want a Certificate of Insurance Compliance App

May 10, 2021

Certificates of insurance (COI) are critical aspects of insurance tracking. COIs help confirm the insurance coverage of the named insured. The process necessitates a keen eye for details and insurance-specific expertise. Achieving accuracy can take time. Missing the mark can cost your company time and money. A certificate of insurance compliance app like myCOI can […]

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Agents: Your Insureds Deserve Automated COI Tracking

March 29, 2021

If you are an insurance agent, then you know how busy your job gets. If you are one of many independent insurance agents, then your job is even more hectic because you don’t have the support of a nationally-known company. Insurance agency management systems can help you do your job more efficiently by automating routine tasks […]

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myCOI Gives Back to the Community

August 12, 2020

We recognize everyone is being affected by the COVID-19 pandemic, but some more than others. In natural myCOI fashion, we quickly united to offer employees, friends, and family members an outlet to make a difference while remaining safe and healthy. We created a GoFundMe campaign to raise funds to help our local community and those […]

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myCOI Offers Flexible Solutions for All Budgets and Business Needs

May 5, 2020

Stop Choosing Between Insurance Compliance as a “Nice to Have” or “Must Have” How can a business focus on insurance risk management when during a pandemic everything feels like risk management? Business uncertainties and ad hoc cost pressures are creating tough decisions. Having launched myCOI during the recession of 2008-09, we know a fundamental truth: […]

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Important Steps for Managing Risk Using Your RFP

November 27, 2019

Whether a project is worth $10,000 or $10,000,000, your company probably is issuing some form of a request for proposal or RFP. Far too often risk management begins once a winning bid is selected, but in our opinion, this is too late. RFPs offer an excellent avenue for establishing risk mitigation as a project priority […]

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