This can leave businesses and contractors exposed to damages, even if they have a seemingly compliant CIO on file. San Francisco start-up Bunker has launched a programme that provides up-to-date certificates of insurance (COI) to collate data and combat fraud. Nearly 40% of independent contractors are not compliant, regarding their insurance coverage, at any given time, according to Bunker’s research. The company is also working with the California Department of Insurance (DII) on an initiative called “Protect Your Information”, which aims to help businesses protect themselves from identity theft by providing them with access The insurtech’s programme will instantly reflect changes to active insurance policies, and notify COI holders when their policies change, are cancelled or expire. It will also allow members to create and track their own insurance requirements and share them with contractors.
San Francisco start-up Bunker has launched a programme that provides up-to-date certificates of insurance (COI) to collate data and combat fraud. Nearly 40% of independent contractors are not compliant, regarding their insurance coverage, at any given time, according to Bunker’s research. The company is also working with the California Department of Insurance (DII) on an initiative called “Protect Your Information”, which aims to help businesses protect themselves from identity theft by providing them with access The insurtech’s programme will instantly reflect changes to active insurance policies, and notify COI holders when their policies change, are cancelled or expire. It will also allow members to create and track their own insurance requirements and share them with contractors.