Case Study: Saglo Development Corporation improves COI compliance and reduces claim risk with myCOI

Saglo Development Corporation Combats Costly Claims with myCOI

Saglo Development Corporation, a mid-sized real estate development company, faced significant risk and financial loss due to a manual process for tracking Certificates of Insurance (COIs) for hundreds of tenants and vendors. This labor-intensive system resulted in a compliance rating below 20%, which led to costly claims where the company was held responsible for damages from uninsured parties. To combat this, they turned to the vendor myCOI for a solution.

The myCOI platform automated Saglo's COI tracking, providing automatic alerts for non-compliance and streamlining the entire management process. This allowed the team to identify errors, save significant time, and work proactively with tenants. As a result, myCOI helped Saglo dramatically increase its compliance rating, avoid further costly claims, and achieve a level of oversight that surpassed even larger competitors.

Saglo Development Corporation

Jessica Heinecker

Senior Property Manager