COISimple has officially launched its AI-powered platform designed to automate the collection, verification, and management of Certificates of Insurance (COIs) for businesses that work with vendors, subcontractors, and third-party service providers.

Managing vendor insurance compliance has long been a manual, time-consuming process prone to human error. Businesses across industries—including construction, property management, logistics, and facilities services—are required to collect and verify COIs to ensure their vendors carry adequate insurance coverage. Failure to do so can expose companies to significant financial and legal risk.

COISimple addresses this challenge by leveraging artificial intelligence to automatically extract data from COI documents, verify coverage against custom compliance requirements, and alert users when policies are expiring or fall out of compliance. The platform is designed to reduce the administrative burden on risk managers, procurement teams, and operations staff while improving accuracy and auditability.

Key features of the COISimple platform include:

– AI-powered COI data extraction and verification
– Customizable compliance rules by vendor type or contract
– Automated expiration alerts and renewal tracking
– Centralized vendor insurance document storage
– Audit-ready reporting for risk and compliance teams

“We built COISimple because we saw firsthand how much time and risk was tied up in manual COI management,” said the COISimple founding team. “Our platform brings automation and intelligence to a process that hasn’t changed in decades, helping businesses stay protected without the administrative overhead.”