The State of Third-Party Insurance Verification

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Presented by

David Wellner, Head of Business Development, Dana Thomas, VP - Operations & Nathan Rowe, Chief Product Officer

About this talk

Evident’s new research report - based on an analysis of tens of thousands of records - sheds light on the shortfalls of third-party insurance coverage, observing that 75% of third-party vendors don’t meet insurance requirements of the companies that hire them. Our findings, which we’ll outline in more detail in this webinar, indicate that current vendor insurance practices are failing despite significant expense and effort, putting companies at risk for losses and liability in case of a lawsuit against a third party. Without verifying third-party insurance, businesses of all sizes – and more often enterprises with “deep pockets” – can be exposed to immense legal fees regardless of the claim’s merits. In this webinar panel, four of Evident’s senior executives will present findings from our research report, as well as the following: Discuss statistical benchmarks for compliance levels, response rates, and various coverage types and amounts Explain basic principles designed to help significantly increase your third-party’s compliance rates Outline a step-by-step guide and analysis to ensure better third-party insurance verification processes so you can demonstrate compliance, save money, and, above all, reduce risk and liability.

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The world's largest enterprises rely on Evident's fully-automated, fully-digital insurance verification technology to help them reduce third-party risk, improve compliance rates, and ease the burden of third-party decisioning through automated risk signaling and continuous coverage monitoring. Learn more at evidentid.com.