Collect and validate a certificate of insurance (COI) from a vendor or contractor

domain: insurance-general · 5 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Request a COI in the standard ACORD 25 (Certificate of Liability Insurance) format from the vendor's insurance agent or broker; specify the certificate holder name and address and any additional insured requirements
  2. Parse the received COI—via OCR if PDF or via structured data if submitted digitally—extracting insurer name, NAIC code, policy number, coverage type, coverage limits, and policy effective and expiration dates
  3. Validate insurer solvency by cross-referencing the NAIC code against the NAIC company lookup to confirm the insurer is licensed and in good standing in the relevant state
  4. Check that coverage types and limits meet your minimum requirements (e.g., $1M per occurrence commercial general liability, workers' compensation statutory limits) and that the certificate holder and additional insured endorsements are correctly named
  5. Set an automated expiration reminder 30 and 60 days before the earliest policy expiration date; flag the vendor record as non-compliant if a renewed COI is not received before expiration

Known gotchas

Related routes

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Generate and submit a reinsurance bordereau to a treaty reinsurer
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