AI Certificate of Insurance (COI) Management
AI Certificate of Insurance (COI) Management
Automate your vendor compliance checks
Automate your vendor compliance checks
V7 Go's agent automates the entire COI verification process, reading certificates from your vendors and comparing them against your contractual requirements to instantly flag non-compliance.
What is it
What is it
Automating Vendor Risk Management
A Certificate of Insurance (COI) is a document that provides proof of a vendor's insurance coverage. Verifying them is critical for managing third-party risk.
How is it solved today?
Compliance teams manually check every COI against contractual requirements a slow and error-prone process that often misses critical compliance gaps.
How is it solved today?
Compliance teams manually check every COI against contractual requirements a slow and error-prone process that often misses critical compliance gaps.
How is it solved today?
Compliance teams manually check every COI against contractual requirements a slow and error-prone process that often misses critical compliance gaps.
Why V7 Go
V7 Go automates the entire verification process reading the COI and comparing it to requirements to instantly flag any non-compliant vendor.
Why V7 Go
V7 Go automates the entire verification process reading the COI and comparing it to requirements to instantly flag any non-compliant vendor.
Why V7 Go
V7 Go automates the entire verification process reading the COI and comparing it to requirements to instantly flag any non-compliant vendor.
Time comparison
Time comparison
Time comparison
Traditional way
15-20 minutes per COI
15-20 minutes per COI
With V7 Go agents
30 seconds
30 seconds
Average time saved
98%
98%
Why V7 Go
Review Certificates of Insurance (COIs) and vendor contracts.
Verify coverage limits, additional insured status, and endorsements.
Workflow
Workflow
Import your files
SAP Ariba
,
Coupa
,
Oracle NetSuite
Certificates of Insurance (ACORD 25, 28)
Certificates of Insurance (ACORD 25, 28)
Certificates of Insurance (ACORD 25, 28)
Vendor Contracts (for requirements)
Vendor Contracts (for requirements)
Vendor Contracts (for requirements)
Policy Endorsements
Policy Endorsements
Policy Endorsements
Insurance Binders
Insurance Binders
Insurance Binders
Waivers of Subrogation
Waivers of Subrogation
Waivers of Subrogation
Primary & Noncontributory Forms
Primary & Noncontributory Forms
Primary & Noncontributory Forms
Named Insured vs. Vendor Name
Named Insured vs. Vendor Name
Named Insured vs. Vendor Name
Policy Effective & Expiration Dates
Policy Effective & Expiration Dates
Policy Effective & Expiration Dates
Coverage Limits vs. Requirements
Coverage Limits vs. Requirements
Coverage Limits vs. Requirements
Presence of Required Coverages (GL, Auto, WC)
Presence of Required Coverages (GL, Auto, WC)
Presence of Required Coverages (GL, Auto, WC)
Additional Insured Status
Additional Insured Status
Additional Insured Status
Waiver of Subrogation Endorsement
Waiver of Subrogation Endorsement
Waiver of Subrogation Endorsement
Notice of Cancellation Terms
Notice of Cancellation Terms
Notice of Cancellation Terms
Project/Contract Information
Project/Contract Information
Project/Contract Information
Insurer's A.M. Best Rating
Insurer's A.M. Best Rating
Insurer's A.M. Best Rating
Overall Compliance Status (Pass/Fail)
Overall Compliance Status (Pass/Fail)
Overall Compliance Status (Pass/Fail)
Why V7 Go
Why V7 Go
Automated Data Extraction
Accurately extract all key data from any ACORD form or other certificate format, including insured names, policy numbers, limits, and effective dates.
Automated Data Extraction
Accurately extract all key data from any ACORD form or other certificate format, including insured names, policy numbers, limits, and effective dates.
Automated Data Extraction
Accurately extract all key data from any ACORD form or other certificate format, including insured names, policy numbers, limits, and effective dates.
Contract Requirement Comparison
The agent compares the extracted COI data against the specific insurance requirements outlined in the corresponding vendor contract.
Contract Requirement Comparison
The agent compares the extracted COI data against the specific insurance requirements outlined in the corresponding vendor contract.
Contract Requirement Comparison
The agent compares the extracted COI data against the specific insurance requirements outlined in the corresponding vendor contract.
Instant Compliance Flagging
Get an immediate, clear result for each COI: 'Compliant', 'Non-Compliant', or 'Needs Review', along with a detailed list of any deficiencies.
Instant Compliance Flagging
Get an immediate, clear result for each COI: 'Compliant', 'Non-Compliant', or 'Needs Review', along with a detailed list of any deficiencies.
Instant Compliance Flagging
Get an immediate, clear result for each COI: 'Compliant', 'Non-Compliant', or 'Needs Review', along with a detailed list of any deficiencies.
Renewal & Expiry Tracking
The agent checks for required endorsements, such as 'Waiver of Subrogation', and verifies that your company is correctly listed as an Additional Insured.
Renewal & Expiry Tracking
The agent checks for required endorsements, such as 'Waiver of Subrogation', and verifies that your company is correctly listed as an Additional Insured.
Renewal & Expiry Tracking
The agent checks for required endorsements, such as 'Waiver of Subrogation', and verifies that your company is correctly listed as an Additional Insured.
Renewal & Expiry Tracking
Automatically track all policy expiration dates and proactively trigger renewal requests to vendors, ensuring continuous coverage.
Renewal & Expiry Tracking
Automatically track all policy expiration dates and proactively trigger renewal requests to vendors, ensuring continuous coverage.
Renewal & Expiry Tracking
Automatically track all policy expiration dates and proactively trigger renewal requests to vendors, ensuring continuous coverage.
Massive Time & Cost Savings
Reduce the manual effort of COI review by over 95%, allowing your compliance team to manage a much larger vendor portfolio without increasing headcount.
Massive Time & Cost Savings
Reduce the manual effort of COI review by over 95%, allowing your compliance team to manage a much larger vendor portfolio without increasing headcount.
Massive Time & Cost Savings
Reduce the manual effort of COI review by over 95%, allowing your compliance team to manage a much larger vendor portfolio without increasing headcount.
V7 Go
V7 Go
V7 Go
AI-powered vendor compliance
AI-powered vendor compliance
for risk management & legal ops
Managing and verifying Certificates of Insurance (COIs) is a high-volume, high-risk administrative burden. Compliance teams spend thousands of hours manually checking vendor COIs against contract requirements, a mind-numbing process where a single missed detail—like an incorrect policy limit or a missing endorsement—can expose the company to millions in liability.
Compliance & Risk Management
Ensure 100% of your vendors are compliant with your insurance requirements, reducing third-party liability and corporate risk.
Compliance & Risk Management
Ensure 100% of your vendors are compliant with your insurance requirements, reducing third-party liability and corporate risk.
Compliance & Risk Management
Ensure 100% of your vendors are compliant with your insurance requirements, reducing third-party liability and corporate risk.
Procurement & Legal Operations
Streamline vendor onboarding and management by automating a critical, time-consuming compliance checkpoint.
Procurement & Legal Operations
Streamline vendor onboarding and management by automating a critical, time-consuming compliance checkpoint.
Procurement & Legal Operations
Streamline vendor onboarding and management by automating a critical, time-consuming compliance checkpoint.
Delegate COI verification
Delegate COI verification
to a compliance AI agent
to a compliance AI agent
Automated Data Extraction
Accurately extract all key data from any ACORD form or other certificate format including policy limits and effective dates.
Instant Compliance Flagging
Get an immediate 'Compliant' or 'Non-Compliant' result for each COI with a detailed list of any deficiencies.
More agents
Next steps
Stop manually checking thousands of COIs.
Let's talk
You’ll hear back in less than 24 hours
Next steps
Stop manually checking thousands of COIs.
Let's talk
Next steps
Stop manually checking thousands of COIs.
Let's talk
You’ll hear back in less than 24 hours
FAQ
FAQ
FAQ
Have questions?
Find answers.
What is a Certificate of Insurance (COI)?
A COI is a document issued by an insurance company that provides proof of insurance coverage. Companies collect them from their vendors to ensure they have adequate protection in case of an incident.
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What is a Certificate of Insurance (COI)?
A COI is a document issued by an insurance company that provides proof of insurance coverage. Companies collect them from their vendors to ensure they have adequate protection in case of an incident.
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What is a Certificate of Insurance (COI)?
A COI is a document issued by an insurance company that provides proof of insurance coverage. Companies collect them from their vendors to ensure they have adequate protection in case of an incident.
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How does the agent know what our requirements are?
You can provide the agent with the insurance requirements section from a vendor contract, or you can set up a standardized playbook with your company's minimum insurance requirements.
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How does the agent know what our requirements are?
You can provide the agent with the insurance requirements section from a vendor contract, or you can set up a standardized playbook with your company's minimum insurance requirements.
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How does the agent know what our requirements are?
You can provide the agent with the insurance requirements section from a vendor contract, or you can set up a standardized playbook with your company's minimum insurance requirements.
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Can it handle different types of COIs?
Yes, the agent is trained on all standard ACORD forms (like ACORD 25 for liability) as well as non-standard certificate formats used by various brokers and carriers.
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Can it handle different types of COIs?
Yes, the agent is trained on all standard ACORD forms (like ACORD 25 for liability) as well as non-standard certificate formats used by various brokers and carriers.
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Can it handle different types of COIs?
Yes, the agent is trained on all standard ACORD forms (like ACORD 25 for liability) as well as non-standard certificate formats used by various brokers and carriers.
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What happens if a COI is non-compliant?
The agent generates a report detailing the specific deficiencies (e.g., 'General Liability limit of $1M is below the required $2M'). This report can be automatically sent to the vendor with a request for a corrected certificate.
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What happens if a COI is non-compliant?
The agent generates a report detailing the specific deficiencies (e.g., 'General Liability limit of $1M is below the required $2M'). This report can be automatically sent to the vendor with a request for a corrected certificate.
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What happens if a COI is non-compliant?
The agent generates a report detailing the specific deficiencies (e.g., 'General Liability limit of $1M is below the required $2M'). This report can be automatically sent to the vendor with a request for a corrected certificate.
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How are handwritten notes or stamps on the COI handled?
V7 Go's advanced OCR can read handwritten text. The agent is trained to look for common manual annotations, such as specific project names or contract numbers, and incorporate them into the verification process.
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How are handwritten notes or stamps on the COI handled?
V7 Go's advanced OCR can read handwritten text. The agent is trained to look for common manual annotations, such as specific project names or contract numbers, and incorporate them into the verification process.
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How are handwritten notes or stamps on the COI handled?
V7 Go's advanced OCR can read handwritten text. The agent is trained to look for common manual annotations, such as specific project names or contract numbers, and incorporate them into the verification process.
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Does this replace our compliance team?
No, it supercharges them. It frees them from the tedious, low-value work of manual checking, allowing them to focus on resolving complex compliance issues and managing vendor relationships.
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Does this replace our compliance team?
No, it supercharges them. It frees them from the tedious, low-value work of manual checking, allowing them to focus on resolving complex compliance issues and managing vendor relationships.
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Does this replace our compliance team?
No, it supercharges them. It frees them from the tedious, low-value work of manual checking, allowing them to focus on resolving complex compliance issues and managing vendor relationships.
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