TrustLayer, the automated insurance verification platform, has left stealth and joined forces with Builder Partnerships, the residential construction network.
The startup automates the proof of insurance workflow with machine learning, AI, and distributed ledger technologies.
“Our platform protects businesses from costly claims by ensuring certificates of insurance actually meet compliance requirements and that the policies are valid,” said Vincenzo Acinapura, CTO at TrustLayer.
Commenting on the partnership, Chuck Shinn, president and founder of Builder Partnerships, said, “You don’t know you are in trouble until you are in trouble. You think you are collecting the right documents and that they’re current. All of the sudden you have an audit and you find out that some of your documents are for the wrong type of insurance or for expired policies; and you have an accident then find out you are not covered. With TrustLayer, homebuilders would know well in advance if there were issues with the insurance of their subcontractors.”
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