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Obtaining a Certificate of Insurance (COI) is often a source of frustration for many businesses, particularly for those managing coverage across multiple insurance carriers. The traditional process is time-consuming and cumbersome, requiring back-and-forth communication among organizations. For eCommerce and retail merchants, this hassle can detract from focusing on core business activities.
Oyster is simplifying the business insurance journey for eCommerce and retail merchants. We are excited to introduce a new AI-powered feature designed to change how our merchants manage their Certificates of Insurance.
The latest feature, Oyster COI Management, empowers our merchants with commercial insurance policies to generate, store, and share Certificates of Insurance effortlessly. Here’s how this feature can benefit your business:
With Oyster COI Management, you can request a Certificate of Insurance whenever you need it, quickly and efficiently across multiple coverages you have with Oyster. This on-demand capability ensures you have the necessary documents for a new vendor contract, a newly leased building, a business partnership, or compliance purposes.
The new feature provides a centralized platform to store and organize all your certificates. Easily keep track of different versions and ensure that you’re always up-to-date with the latest documents. This centralized view allows you to access all historical Certificates of Insurance to ensure compliance with contractual obligations.
Once your COI is created, Oyster COI Management allows you to generate a shareable link, similar to sharing a Google Photo URL. Share your COI with vendors, clients, or partners seamlessly, ensuring that everyone has access to the necessary insurance information.
Don’t let the hassle of managing Certificates of Insurance slow down your business. Explore the new Oyster COI Management feature to learn more and see how we can help your brand stay protected and grow confidently.
Request a product demo with Oyster.
