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COI Management for Franchisors

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

Understanding Real Insurance Risk for Franchisors

Most franchise operators spend a lot of time and effort managing insurance compliance, but even the most successful franchisors are not exactly sure how compliant they actually are. They might know approximately how many of their franchisees 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 in the event of an unforeseen accident.

Franchisors have turned to Evident because we provide the most efficient COI tracking to reduce administrative costs and streamline onboarding processes. Evident also works closely with our partner Marsh to provide non-compliant franchisees with insurance that meets corporate standards, ultimately making it much easier to get to “yes” so you and your franchisees are covered.

Learn more about how franchises can mitigate insurance risks and reduce administrative burdens.

How We're Different

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Deep Visibility

Evident doesn't just store 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 franchisee COIs and policies - and lets franchises verify COIs either directly with their franchisees 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 franchisees are active and up-to-date, while greatly reducing your administrative effort.

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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 and your franchisees.

Case Study

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

How It Works

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

• Load your franchisees

• 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

News and Resources

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