Insurance Verification for Albertsons

Hi, we’re Evident!

Our automated insurance verification platform is the only fully-automated, fully-digital COI verification technology solution built to help grocery retailers and operators reduce risk, spend, and effort.

We’ve crafted a proposal for you and your team at Albertsons, including a detailed ROI report about how Evident’s solution can help improve your vendor compliance rates and save you money on insurance premiums and administrative resources.

See how Evident can help Albertsons

Contact us to schedule a presentation of your proposal!

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Case Study

Insurance Verification for Grocery Retailers

Download this case study and learn how Evident is helping one of the largest North American supermarket chains implement complex third-party insurance requirements and automating their suppliers’ proof of insurance verification to reduce risk and improve compliance rates.

Understanding Real Vendor Insurance Risks for Albertsons

Grocery and supermarket businesses all over the country are turning to Evident because we provide the most efficient vendor insurance collection and tracking solution to reduce administrative costs, streamline onboarding processes, and enable safer product diversification.

Evident also works closely with our partner Marsh to provide non-compliant vendors and contractors with coverage that meets your standards, ultimately making it much easier to get them to “yes,” so Albertsons is covered.

  1. Comprehensive vendor risk management technology solution

    Automated end-to-end COI verification and monitoring

  2. New technology enhancements and upgrades every month

    No technical outsourcing or manual verification

  3. Automated risk decisioning against your insurance requirements

    Schedule clear and consistent communication requests to vendors

  4. Easy-to-use dashboard to track vendor compliance rates

    Highly accurate view of your third-party risk and vulnerabilities

How We're Different

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Deep Visibility

Evident doesn't just store proof of insurance - we digitize all COI and policy elements so our platform can provide a complete analysis of Albertsons' vendor compliance, risk, and exposure.

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Automation

Evident automates the entire process - collection, verification, analysis, decisioning, storage, and monitoring - and lets Albertsons verify COIs directly with either your vendor or their broker.

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Improved Compliance

Our workflows can help Albertsons better manage exceptions, and even offer fulfillment for any gaps in coverage, ensuring that more of your vendors have active and up-to-date coverage, while greatly reducing your costs and administrative efforts.

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Optimize Risk & Spend

Evident integrates guidance from insurance industry partners into actionable reports that eliminate redundant coverage and optimize premiums to reduce overall cost for Albertsons and your third parties.

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Research Report

The State of Third-Party Insurance Verification

Verifying and improving third-party insurance coverage is increasingly important to mitigate risk, but our research shows that for the average global enterprise, only 25% of third parties meet contractual insurance requirements. Our research shows that…

  • 75% of third parties do not meet the company’s established insurance requirements
  • 23% (or 1 in 5) of third parties do not respond at all to proof of insurance requests
  • At least 1 in 10 third parties becomes non-compliant without notifying the company

Download our free report to learn more about the current state of third-party insurance verification, including basic principles to improve supplier insurance verification, benchmarks for compliance, response rates, and coverage, and a step-by-step guide to achieving better COI verification.

Ready to view your proposal? Let's connect!