“I would encourage others in our industry to really embrace the changes brought on by emerging technologies. … Get engaged.”

^{Mark Ware
Executive Vice President
IMA Financial Group}

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On any construction project, all contractors and subcontractors must provide a certificate of insurance (COI). No matter what size the project is, the COI is a must-have item. In most states, a COI is a prerequisite to earning a general contractor license. City and local governments often require a COI of any contractor working in their jurisdiction.

Even a small project can have concrete, steel, electrical, plumbing, engineers and architects and any number of contractors and trades on the job. With each one needing a COI, managing that process has been an exercise in frustration for many a project lead.

Without the right insurance documentation, projects get delayed and worse; should a contractor’s COI expire or not be in place either before or during a project, that can become a costly claim for the project owner or lead contractor.

A way to solve that particular pain point for contractors and construction industry brokers is exactly what prompted John Fohr to design and launch TrustLayer, an automated insurance verification technology solution that automates certificate management.

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