American Contractors Insurance Group (ACIG) & Billy Partnership

Billy is thrilled to announce its partnership with American Contractors Insurance Group (ACIG). Billy is a partner vendor tracking compliance software partner for the real estate and construction sectors. This partnership marks a significant milestone in Billy’s mission to simplify and streamline risk management.

Free 30-Day Trial To Simplifying COI Tracking

COI tracking​​ is usually a cumbersome and time-consuming process for general contractors and their vendors. This task can lead to delays, legal complications, risk transfer issues from insurance claims, and general inefficiencies. COI compliance is crucial for every construction project and vendor contract, and managing this aspect of compliance can become a significant administrative burden. Billy helps alleviate these stresses with its automated COI compliance software. 

Through the partnership with American Contractors Insurance Group (ACIG), Billy offers its unified COI tracking software solution. Vendors can manage their COIs and other compliance-related documents within a single, easy-to-use platform (without requiring vendor account sign-up, either). Billy enables vendors to manage their COIs efficiently, reducing the manual effort involved and minimizing the risk of errors. This integration helps to alleviate the stresses associated with COI tracking, ensuring that compliance requirements are met seamlessly and efficiently.

With the Billy platform, American Contractors Insurance Group (ACIG) customers can manage:

• Certificates of insurance (COIs)
• Insurance Endorsement Forms
  • Primary & Non-Contributory Endorsement(s) 
  • Waivers of Subrogation Endorsement(s)
  • Additional Insured Endorsement(s)
• Contract Compliance Documents
  • Vendor PreQualification
  • W9 Forms
  • Business Licenses
  • Warranty Letters
  • Lien Waivers
  • Master Service Agreements

Eliminating Siloed Construction Compliance Tracking Solutions

A key benefit to leveraging Billy within this partnership is removing disjointed, siloed compliance systems from your construction tech-stack. Previously, managing compliance often required the use of multiple systems for data entry, document management, and tracking systems. This fragmented approach not only complicated workflows, but also increased the risk of errors.

By incorporating Billy’s COI management tool, contractors can replace these inefficient, siloed systems with a unified solution. This shift simplifies the compliance tracking process, enhances accuracy, and reduces the administrative resources required. With all insurance documents managed in a single platform, users can ensure that their compliance documentation is always up-to-date and easily accessible.

Seamless COI Tracking Integration with Financial Systems

Billy’s intuitive platform seamlessly connects to financial teams by embedding compliance tracking into the payment workflow. This integration includes connections through ProcorePay, Autodesk, and popular ERP solutions like Sage 300, Viewpoint Vista, Sage Intaact.

This seamless integration ensures that compliance requirements, such as valid COIs, are automatically aligned with payment approvals. By embedding compliance tracking into the financial workflow, Billy facilitates smoother operations and more effective financial management. This approach helps to streamline the payment process, reduce administrative overhead, and ensure that all compliance requirements are met before payments are processed.

Comprehensive Construction Compliance Management

Billy’s capabilities extend beyond COI tracking. The innovative platform offers comprehensive compliance management by centralizing all critical construction compliance documents, including endorsement forms, surety bonds, business licenses, warranty documents, and vendor pre qualification materials. By consolidating these documents in one place, Billy ensures that all necessary documentation is readily available and up-to-date.

This comprehensive approach to compliance management offers peace of mind for both subcontractors and vendors, eliminating the need for constant follow-up to secure missing documents. By centralizing document management, Billy simplifies the compliance process and ensures that all parties meet the required standards without unnecessary delays or administrative burdens.

The Future of Automated Construction COI Compliance Tracking

The opportunities that the program and the partnership between Billy and American Contractors Insurance Group (ACIG) are endless. The partnership represents a commitment to providing innovative compliance solutions that streamline the tracking and management of COIs. Both teams are dedicated to improving efficiency, reducing administrative overhead, and delivering tangible benefits to all clients in the real estate and construction industries.

Billy’s team of experts are continuously optimizing and improving the platform’s capabilities, further enhancing value to users. By leveraging the strengths of both Billy and American Contractors Insurance Group (ACIG), the partnership aims to set new standards in compliance management and risk control, driving forward the evolution of automated solutions in the industry.

Billy is committed to supporting users with cutting-edge solutions that address their needs, simplify their processes, and enhance their overall operational efficiency. For more information on how Billy’s solutions can benefit your organization, schedule a demo today!

Frequently Asked Questions

Where are certificates of insurance typically stored for a construction project?

COIs for construction projects can be stored in a variety of locations including project management software, document storage systems, or even filing cabinets! Let Billy do the hard work for you to track and manage all your COIs in an all-in-one, secure platform. Reach out to learn more.

How can you easily request COIs from vendors?

Requesting COIs from vendors can be streamlined by implementing a compliance management platform or software that prompts vendors and allows them to upload their COIs directly into a centralized system. Tools like Billy can automate the request and collection process, sending reminders and tracking submissions.

How to choose construction management software?

Before beginning the selection process, it’s essential to clearly define your goals for adopting a digital construction management solution. Begin by evaluating your current challenges and identifying where technology could offer substantial improvements. Typical objectives might include boosting project efficiency, fostering better collaboration, and simplifying data management.