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<\/em><\/p>\nLegacy certificate tracking software systems are often cumbersome and expensive. Industry pioneer TrustLayer provides an innovative risk management system that enables immediate vendor coverage verification. Using a unique robotic process automation (RPA) and AI to automate this manual process allows companies to automatically verify the insurance and licenses of their partners. With TrustLayer, PayneWest is able to elevate and expand its risk consulting services to many more of its customers.<\/p>\n
\u201cSmall and medium businesses often cannot justify a full-time Risk Manager. TrustLayer gives our brokerage an ability to offer additional risk consulting services to our clients. Most importantly, it helps us better protect our clients from insurance claims caused by their vendors,\u201d said Isabel Barichievich, Specialty Practice Project Manager.<\/p>\n
Barichievich added, \u201cTrustLayer provides a collaborative risk management platform that allows us to help review and track certificates of insurance (COIs) to make sure our clients’ vendors have the correct insurance coverage.\u201d<\/p>\n
\u201cWith the current state of the economy, many vendors are not carrying the right commercial insurance coverage,\u201d said John Fohr, Chief Executive Officer of TrustLayer. \u201cBy using TrustLayer, PayneWest will be able to automate the traditionally manual process of tracking insurance coverage for their customers, enabling the agency to reduce inefficiency, increase revenue and retain its customer base.\u201d<\/p>\n
About TrustLayer<\/h3>\n
TrustLayer is a collaborative risk management application that helps reduce friction between businesses. The company allows their business partners\u2019 users to automate the verification of insurance, licenses, and compliance documents (i.e., vendors, subcontractors, suppliers, borrowers, tenants, ridesharing and franchisees). TrustLayer\u2019s solution is recognized by the industry and is a member of BrokerTech Ventures (BTV) accelerator, BrushCreek Tech Insurance accelerator, winner of the 2019 R3 CordaCon Insurtech Challenge, and received top honors at The Institutes 2020 annual convention.<\/p>\n