Proof of Coverage, Inc. is a specialized provider of certificate of insurance (COI) tracking and management services aimed at streamlining the oversight of insurance documentation for businesses. By automating the collection and tracking of COIs, the company addresses a critical need for organizations that work with multiple vendors, thereby minimizing liability risks associated with manual tracking methods.
The Proof of Coverage software platform automates the entire process of collecting, managing, and verifying certificates of insurance from vendors and contractors. It is designed to be user-friendly, offering an intuitive interface to facilitate timely and accurate insurance management.
By automating COI management, the platform solves the significant challenges of manual oversight, reducing time spent on administrative tasks and minimizing the risks associated with compliance failures.
The challenges of manual COI tracking include time consumption, potential for errors, and the heightened risk of liability due to non-compliance with insurance requirements.