Most franchise operators spend a lot of time and effort managing insurance compliance, but even the most successful franchisors have little idea exactly how compliant they actually are. They might know approximately how many of their franchisees have 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.
At Evident, we believe that just because insurance is hundreds of years old doesn’t mean the technology and processes to manage it need to be as well. That’s why we’ve reinvented risk compliance management.
Franchisors have turned to Evident because we provide efficient insurance verification and monitoring that reduces administrative costs and streamlines 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.
Evident doesn't just store COIs - we digitize all COI and policy elements so we can provide complete analysis of your exposure.
Evident automates all aspects of the process - including collection, verification, analysis, decisioning, storage, and monitoring of franchisee COIs and policies.
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, as well as vastly reducing your administration effort.
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.
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.
• 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
Evident gives franchise owners and franchisees a better way to access the data they need while protecting verified personal data with end-to-end encryption.
A holistically simplified approach to onboarding that provides the diligence and confidence to be compliant, and the flexibility to scale.
Search robust criminal, commercial, and financial activity records to retrieve the most up-to-date background check results.
Verify both personal and commercial insurance coverage for liability, business, vehicle, and more.
Know with confidence that you're dealing with a real business by verifying their credentials, legal registrations, judgments, and other key data points.