Supplier Insurance Verification and Monitoring



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What is Insurance Verification and Monitoring?

Are your suppliers adequately insured in the event of an incident? Who ultimately pays if something happens? Without complete visibility, your company is exposed to high levels of risk. Protect your company and your suppliers with Avetta’s insurance verification and monitoring. Our solution features simple document management, automatic alerting, and is easily configured for your specific compliance requirements.

 

Unknown Supplier Insurance Types and Coverage


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Not knowing how well your suppliers are insured means your liability is unclear and your protection is unstable.

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Supplier Insurance Verified and Monitored by Avetta


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Avetta gives you the assurance that your supply chain is properly insured for reduced risk and stable operations.

Why Insurance Verification?

Knowing that your suppliers' insurance coverage could change at any moment is a concern for every risk-averse organization. However, with dozen of projects running at the same time and even more contractors involved, it’s not feasible to verify insurance plans every time. That’s where insurance management software comes in. Avetta ensures that each supplier’s insurance plan is up to date in real-time. So you can easily view insurance certificates online before the projects begin and know that they are accurate, giving you peace of mind and the confidence to move forward.

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Certificate of Insurance Upload and Verification

Suppliers can easily upload their certificates of insurance (COIs) to the Avetta platform. Our insurance specialists thoroughly review all documentation and present the information so you can work with only those suppliers that are adequately insured.

 
 
 
 
 
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Client-Defined Insurance Requirements

Stay in control. Define your specific insurance requirements for each site, job, and supplier type. No two companies are the same. Get a tailored solution that provides protection for your unique combination of risk tolerance and supplier risk levels.

 
 
 
 
 
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Automatic Alerts

Never get caught off guard. Avetta automatically notifies our clients of changes in suppliers’ insurance status. It also alerts suppliers when their insurance is about to expire or when clients change their insurance requirements.

 
 
 
 
 
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On-Going Support

Avetta insurance experts are always available to help you define and iterate your insurance requirements. They go beyond reporting supplier insurance levels; they help suppliers find the best ways to meet your requirements and protect themselves from liability.

Testimonial

Avetta definitely saves us time and money in terms of sourcing great suppliers. We were looking for a rigging contractor, so I went on the Avetta site and found somebody that was local. They were already green flagged, so we hired them and we continue to use them to this day.


Insurance Monitoring Benefits Your Entire Organization

Risk Management

Reduce risk and protect your company by verifying proper levels of supplier insurance.

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Health & Safety

Enhance your company’s safety program with properly insured suppliers and protection against costly incidents.

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Contractor Management

Work with only suppliers that have appropriate insurance coverage for a more stable supply chain.

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Procurement

Make the right choice easy to identify with all supplier insurance information at your fingertips.

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Compliance

Easily communicate and enforce your insurance requirements to all suppliers in your supply chain.

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Corporate And Social Responsibility

Strengthen your company’s economic stability while ensuring suppliers are properly protected.

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See Avetta in Action

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