Disclaimr AI is an AI-driven Certificate of Insurance (COI) compliance tool designed to help small and medium-sized businesses (SMBs) ensure that their vendors maintain the necessary insurance coverage. By automating the collection, validation, and verification of COIs, Disclaimr AI aims to reduce the administrative burden and mitigate risks associated with vendor insurance compliance.
Key Features
- Automated COI Collection: Vendors can submit their certificates directly to Disclaimr AI via email, without the need for creating an account. The system accepts COIs in various formats, including PDFs, images, and even photos taken with a phone.
- Contract-Specific Validation: Disclaimr AI reads the insurance language in your contracts and checks each certificate against your specific requirements, such as coverage limits, additional insured endorsements, and waiver of subrogation clauses.
- Coverage Verification: The tool verifies the authenticity and active status of the insurance coverage by confirming directly with the insurer or agent, ensuring that the policy is not forged, expired, or canceled.
- Automated Renewal Reminders: Disclaimr AI sends automatic reminders at 90, 60, 30, and 14 days before a certificate’s expiration to both the vendor and their agent, helping to maintain continuous coverage.
- Audit-Ready Documentation: The system maintains a timestamped history of all certificates, which can be easily searched and exported for audits or legal requests.
Who Is It For?
Disclaimr AI is tailored for SMBs that require insurance from their vendors but lack the resources of large enterprises with dedicated risk departments. It is particularly beneficial for:
- Construction Companies: General contractors and specialty trades managing multiple subcontractors.
- Real Estate Managers: Property managers overseeing various service providers like cleaners, landscapers, and maintenance personnel.
- Growing Businesses: Any SMB with an expanding network of vendors seeking to streamline insurance compliance processes.
Pricing
Disclaimr AI offers flat, simple pricing based on the number of vendors, with no minimum certificate requirements or enterprise-level pricing. Specific pricing details are available upon request.
Final Thoughts
Disclaimr AI provides a comprehensive solution for SMBs to manage and verify their vendors’ insurance coverage efficiently. By automating the collection, validation, and verification processes, it helps businesses mitigate risks and ensures compliance without the administrative burden. For SMBs seeking to enhance their vendor insurance compliance, Disclaimr AI offers a practical and scalable solution.
Visit disclaimr.ai for more.
