Third-party risk management platform Evident has announced a partnership with specialty insurance provider NIP Group.
This partnership aims to transform risk management for service professionals including landscaping, utility contractors, greenhouse growers and more.
The platform of Evident simplifies the certificate of insurance (COI) collection process, thereby bolstering compliance and lowering third-party risk.
This integration with NIP aims to enable service professionals to focus on delivering service, free from the burden of manual compliance tracking.
The partnership leverages NIP Group’s expertise in insurance underwriting and Evident’s advanced risk management technology.
This collaboration enables policyholders to now automate the COI collection and tracking process.
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By GlobalDataService industry professionals will be able to streamline compliance with increased efficiency and concentrate on their core business functions.
The collaboration also helps boosts safety and lowers claims in the service industry.
By leveraging NIP Group’s safety management resources, businesses are said to have seen a decrease in both the frequency and severity of claims. This emphasis on safety not only safeguards the workforce but also boosts the total efficiency and profitability of service businesses.
Evident CEO and founder David Thomas said: “At Evident, we are committed to making third-party risk management accessible for every business where partnerships play a critical role. Working with NIP Group allows us to extend our technology to service professionals, ensuring they can operate more efficiently and with greater peace of mind.”
NIP Group SVP for national programmes Tom Doherty said: “This solution is a value-add proposition for NIP Group partners. It can eliminate additional costs assessed by insurance companies to businesses at policy audits, reduce the risk of uninsured losses, and mitigate the need for company staff members to perform the time-consuming task of obtaining and reviewing certificates of insurance to determine if they comply with complicated insurance standards.”