Many organizations rely on subcontractors and vendors to provide essential services as part of running their business. Adequate insurance coverage is typically top of mind with third parties, but expiring COIs is often overlooked or event forgotten about. That’s why it’s important to validate that all of your contractors, subs, vendors, and suppliers keep their […]

Do you know what happens if you have a contractor with an expired COI and there is an incident? Without current coverage that meets your minimum requirements, it can cost your organizations hun Monitoring vendor and contractor insurance coverage is critical to minimizing the risk of an organization, but how do you possibly do it […]

At COI Pro, we hear from numerous organizations that are going through a digital transformation. Part of that transformation is investing in technology to manage their insurance certificates. In several cases, an office administrator who has multiple responsibilities in the organization is tasked with driving their first technology evaluation project. The need for software has […]

The term COI tracking is used broadly by insurance professionals and related organizations that manage and maintain insurance certificates for their third parties, but the definition has evolved over the last 10 years. As new types of software have been introduced in the market, COI tracking options for companies that leverage contractors, suppliers, vendors, and […]

We’ve reached Q4 2022 and for most organizations that means budget season for CY2023 is here. Dozens of organizations have connected with us this year inquiring about COI tracking software, but many didn’t have an approved budget or have a change management plan on how to get buy-in from key stakeholders in the organization. Because […]

We continue to see an increased interest in COI tracking software from companies across multiple verticals. While some organizations move quickly and begin seeing the benefits immediately, others lack an internal champion to move the project forward. Here’s why now is the best time to invest in COI tracking software and why you should champion […]

As May approaches, pockets of the United States are beginning to resume normal activities using phased approaches. It’s the type of news that lifts spirits and injects hope. Because of COVID-19, many organizations went through significant cost-cutting measures this Spring that resulted in an unemployment rate that has now topped 23%. Contractors represent a significant […]