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yellow front loader - construction insurance verification

Third-Party Insurance Verification for Construction

End-to-end vendor and contractor insurance verification and fulfillment solution to drive risk visibility and conversion

 

Understanding Real Insurance Risk for Construction Companies

Most construction businesses spend a lot of time and effort managing their insurance compliance, but even the most successful program managers don't know exactly how compliant they actually are. They might know approximately how many of their contractors have certificates of insurance (COIs) on file, but they rarely understand if all requested coverage types are present, if coverage values meet their requirements, or the risk from exclusions.

The consequences of not knowing are enormous, and can cause unnecessary damages to their business or brand reputation if a contractor is involved in an accident.

Construction businesses have turned to Evident because we provide the most efficient COI tracking to reduce administrative costs and streamline contractor onboarding processes. Evident also works closely with our partner Marsh to provide non-compliant contractors with insurance that meets corporate standards, ultimately making it much easier to get to "yes" so the business is covered.

Learn more about how construction companies can reduce insurance risks and administrative burdens.

How We're Different

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Deep Visibility

Evident doesn't just store contractor COIs - we digitize all COI and policy elements so we can provide complete analysis of your exposure.

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Automation

Evident automates the entire process - collection, verification, analysis, decisioning, storage, and monitoring of COIs and policies - and lets construction companies verify proof of insurance either directly with their contractors or with an insurance broker

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Getting to "Yes"

Our workflows handle the tough stuff - we tackle the exceptions and even offer fulfillment to fill gaps in coverage, ensuring that more of your contractors have active and up-to-date policies, 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 you, your contractors, and your vendors.

Case Study

See how one of the world's largest convenience store brands uses Evident to verify both franchisee and vendor COIs by automating requests, re-verifications, and decisioning to ease the burden of verifying coverage and reduce their exposure to risk.

construction worker looking at a crane - insurance verification

How it Works

 

  • Build out your policy requirements (coverage types, amounts, exceptions)

  • Load your contractors' information

  • Digitize COI data elements

  • Review granular, accurate, searchable, real-time COI data view

  • Deploy rules-based compliance evaluation with our decision engine

  • Provide coverage options to help fulfill company requirements when needed

  • Monitor compliance status and report on changes

Evident ROI Calculator

This free calculator simulates the potential return on investment that your company could realize by using our technology-based insurance verification solution to vet and retain your vendors and other third-party partners. Simply answer a few questions and fill out a form to see how much money your company could be saving with Evident!

Ready to Get Started?

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