System and method for requesting, receiving, tracking and verifying or receiving proof of insurance coverage and transferring risk to uninsured or underinsured parties

摘要

Disclosed is a system and method for an Indemnitee to verify insurance coverage of an Indemnitor, including the steps of at least two parties entering into a contractual relationship that obligates the Indemnitor to indemnify the Indemnitee by maintaining contractually required insurance and to provide proof of the insurance, entering the contractual insurance requirements and related pertinent information into a database, requesting on behalf of the Indemnitee proof of insurance from the Indemnitor, a service provider or the Indemnitee receiving the Indemnitor's insurance coverage information, comparing the Indemnitor's insurance coverage information with the contractual insurance requirements, determining if the Indemnitor is in contractual compliance, and issuing insurance to protect the interests of the Indemnitee in the event the Indemnitor is not in contractual compliance.