See what an insurance policy actually covers across the supply chain.
A business shares its policy and its supplier records. The workflow finds each supplier and shows which risks the policy covers and which it doesn't.
Cover check
Suppliers found
63
Covered
51
Not covered
12
| Supplier | Spend | Risk | Cover |
|---|---|---|---|
| Coastal Cold Storage | $412,000 | Spoilage | Not covered |
| Ridge Packaging | $188,000 | Supplier failure | Covered |
| Westport Logistics | $276,000 | Transit | Covered |
How it's done today
Most businesses find out what their policy doesn't cover when a claim is declined. A broker can't read every supplier contract against every exclusion by hand.
What the workflow does
- 1
Reads the policy
Cover, exclusions and limits, from the schedule and the wording.
- 2
Finds the supply chain
Each supplier and what the business spends with them.
- 3
Matches risk to cover
Each supplier's risk against the policy, with the clause that applies.
- 4
Hands off the gaps
What isn't covered goes to a broker, with the wording attached.
An insurer built this at a fintech hackathon to show small businesses the gaps in their own cover.
- a check that wasn't possible by hand
- First time
- gaps found, not after one is declined
- Before a claim
Built in the Sercha builder, over the firm's own files. The firm isn't named here.
Questions
- Does it recommend a policy?
- No. It reads and reports what is and isn't covered. Advice stays with the broker.
- Where does the supplier list come from?
- From the business's own records: invoices, contracts and purchase orders in the connected folders.
See it on your own documents.
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