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Third-Party Insurance Verification for Retailers

End-to-end insurance verification and fulfillment solution for retailers to manage third-party and supply chain risk

Understanding Third-Party Insurance Risk for Retailers

Between the pandemic, civil unrest, and climate change, it's a dangerous time for retailers. Insurance rates are fluctuating, premiums are rising, and new risk types are emerging.

None of this is your fault, but it is your problem to solve, and the old risk management model of collecting third-party COIs and occasionally verifying and monitoring them with spreadsheets and phone calls won't help anymore.

Retailers rely on Evident to detect and monitor insurance gaps in their supply chain, so they can get their vendors and suppliers compliant with corporate insurance requirements.

Learn more about how retailers can mitigate third-party insurance risks and reduce administrative burden and cost.

How We're Different

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Deep Visibility

Evident doesn't just store your third-party COIs, we digitize all COI and policy details so we can provide complete analysis of your supply chain's exposure.

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Automation

Evident automates the entire process - collection, verification, analysis, decisioning, storage, and monitoring of third-party COIs and policies to ensure compliance with corporate standards.

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Getting to "Yes"

Our workflows can handle the exceptions and even offer fulfillment to ensure that more of your supply chain partners have active and up-to-date coverage, 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 network partners.

Case Study

See how one of the world's largest convenience store retailers uses Evident to verify 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 vendors, suppliers, and other third-party partners

  • 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

Ready to Get Started?

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