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Automated Third-Party Insurance Verification for Supply Chain Businesses

Understanding Real Insurance Risks for Supply Chain Businesses

Most supply chain solution providers spend a lot of time and effort managing their insurance compliance, but even the most successful risk managers don't know exactly how compliant they actually are. They might know approximately how many of their suppliers 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.

Supply chain providers have turned to Evident because we provide the most efficient third-party COI tracking to reduce administrative costs, streamline supplier onboarding processes, and enable safer diversifiaction. Evident also works closely with our partner Marsh to provide non-compliant suppliers with insurance that meets corporate standards, ultimately making it much easier to get to "yes" so the business is covered.

Learn more about how supply chain businesses can reduce insurance risks and administrative burdens.

How We're Different

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Deep Visibility

Evident doesn't just store proof of insurance - 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 supply chain businesses verify proof of insurance either directly with their third-party partners 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 third parties have active and up-to-date coverage, 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 and your third-party partners.

Case Study

See how one of the world's largest convenience store brands 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 third-party partners' 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

Ready to Get Started?

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