Introducing TrustLayer: Our Newest Shepherd Savings Partner
Thrilled to share that [TrustLayer](https:///www.trustlayer.io/) is the newest member of the Shepherd Savings program! Today is a big step forward for Shepherd as we expand into a new category of cutting-edge construction tech that's changing the game for risk management.
TrustLayer's platform delivers a robust solution for managing contractual risk transfer between contractors and third-party vendors. Their platform ensures these parties maintain proper insurance coverage, reducing liability gaps that could otherwise lead to claim denials or unanticipated exposures.
A few key features of the TrustLayer platform:
- Automated verification: Digitizing and automating the collection and verification of certificates of insurance (COIs) with real-time compliance checks
- Enhanced risk management: Reducing liability exposure by ensuring all partners maintain proper insurance coverage
- Operational efficiency: Eliminating time-consuming manual processes around document collection and compliance tracking
- Seamless integrations: Connecting with existing ERPs and CRMs to streamline workflows
The future of Shepherd Compliance
In 2024, we introduced Shepherd Compliance, a complimentary and simplified version of TrustLayer, designed to streamline the Certificate of Insurance (COI) review process for our insurance customers. We discovered that our contractors required deeper workflow integrations, customizable requirements, and the ability to add services to help them understand complex insurance documents. Our partnership with TrustLayer addresses these needs and reflects our dedication to providing a flexible, scalable, and comprehensive solution that can adapt to our customers' changing requirements.
Savings for TrustLayer users
By integrating technologies like TrustLayer into their operations, contractors are enhancing their loss controls and reducing their potential for losses. For General Contractors, subcontract exposure can amount to as much as 90% of their total revenue, making risk transfer a critical strategy to fuel their risk management programs.
We recognize this proactive approach to risk management and are excited to support it through our Shepherd Savings program – reducing premiums for tech-forward customers. To that end, we are proud to offer premium savings for contractors who already actively use TrustLayer or are interested in implementing the platform for the first time.
We’re thrilled to be supporting customers who use tools like TrustLayer to improve their risk management workflows! At the same time, we’re grateful to the TrustLayer team for their partnership. To learn more about TrustLayer or set up a demo with their team directly, reach out to us support@withshepherd.com.
