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myCOI
Overview
myCOI is a business services company based in the United States, specializing in document intelligence solutions aimed at enhancing risk management processes for businesses. Founded in 2009, the company has developed a platform that focuses on insurance tracking and compliance management for subcontractors and vendors. A case study featuring Thompson Thrift, a general contractor, highlights the challenges faced by companies managing extensive networks of subcontractors, which can number in the thousands across multiple projects. The implementation of myCOI's system enabled Thompson Thrift to proactively identify compliance risks associated with insurance coverage and streamline the management of related documentation. The platform integrates with financial management systems, allowing for automated compliance checks and payment holds until subcontractor documentation is verified. This capability has proven essential for companies like Thompson Thrift, which require effective oversight of insurance compliance to mitigate litigation risks and financial losses. With a workforce of 51 to 200 employees and annual revenues of approximately $30 million, myCOI continues to support businesses in navigating the complexities of risk management in the construction and development sectors.