Collection Criteria for COIs
Procurement teams take varied approaches to requiring Certificates of Insurance. Most focus on high-risk or onsite suppliers, while fewer extend the requirement to all vendors or high-value contracts. This range highlights how organizations balance risk protection with administrative effort, and where broader coverage could strengthen overall compliance. Members can access Quick Poll Report - Certifications of Insurance Collection Practices 2025 in the CAPS Library to see the full report.
What Leaders Should Do: Leaders should evaluate whether their supplier insurance requirements are aligned with their organization's risk profile. A targeted approach may be appropriate, but gaps in coverage can leave the business exposed to avoidable compliance and liability risks.
From Insight to Action: If optimizing supplier insurance requirements is a priority for your organization, CAPS can help you benchmark leading practices and identify policies that balance risk protection, compliance, and administrative efficiency: Talk to CAPS
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