The State of Third-Party Insurance Verification – Research Report
End-to-end insurance verification and fulfillment solution to reduce risk and streamline candidate onboarding processes
Staffing agencies spend a lot of time and effort managing insurance verification and compliance on behalf of their clients, but even the most successful risk managers don't know exactly how compliant their candidates actually are. They might know approximately how many of them have certificates of insurance (COIs) on file to perform certain job functions, 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 agency or brand reputation in the event of an unforeseen accident.
Staffing agencies have turned to Evident because we provide the most comprehensive insurance verification to reduce administrative burden and streamline candidate onboarding processes. Evident also works closely with our partner Marsh to provide those who aren't compliant with insurance that meets your clients' standards, ultimately making it much easier to get to "yes" so the business is covered.
Evident doesn't just store candidate COIs - we digitize all insurance data and policy elements so we can provide complete analysis of your exposure.
Evident automates the entire process - collection, verification, analysis, decisioning, storage, and monitoring of COIs and policies - and lets staffing companies verify proof of insurance either directly with candidates or with an insurance broker
Our workflows handle the tough stuff - we tackle the exceptions and even offer fulfillment to fill gaps in coverage, ensuring that more of your candidates have active and up-to-date insurance coverage, while greatly reducing your costs and administrative efforts.
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 candidates.
See how one of the world's largest convenience store brands uses Evident to verify franchisee COIs by automating requests, re-verifications, and decisioning to ease the burden of verifying coverage and reduce their exposure to risk.