Billy vs TrustLayer
Two certificate of insurance (COI) tracking platforms that both exhibit at Procore Groundbreak 2026. Billy is a construction compliance platform with an AI Review Assistant, managed and self-service options and a long ERP/PM integration list; TrustLayer is a third-party risk platform with AI COI review and a free Starter tier for up to 50 vendors. Vendor pages re-checked Oct 19, 2026; desk research, not tested, no winner.
DESK RESEARCH, NOT TESTED. Compiled from vendors' public websites (accessed Oct 19, 2026). Vendor claims are not verified by Means & Methods Lab. No scores or rankings.
In short: Billy (COI & subcontractor compliance; no public prices (quote / sales)) vs TrustLayer (COI tracking & third-party risk; free option; paid prices not listed). Facts last checked Oct 19, 2026. No winner declared; not tested.
Side by side
| Sheet row | Billy | TrustLayer |
|---|---|---|
| Category | COI & subcontractor compliance | COI tracking & third-party risk |
| AI role (our label) | AI features added to established product | AI features added to established product |
| What it does | Construction compliance platform for COI tracking that collects and verifies insurance certificates, W-9s and licenses, with an AI Review Assistant. It offers automated collection and verification of certificates of insurance, W-9s, business licenses and other compliance documents; vendors or their brokers upload documents with no login required. Site lists an AI Review Assistant, a prequalification tool, managed-service and self-service options, and integrations including Procore, Autodesk, CMiC, Docusign, Sage 300, Sage Intacct, JD Edwards, Viewpoint Vista, Trimble ProjectSight and Acumatica (Procore project and vendor data transfer automatically). Vendor cites 100,000+ policies and 3,500+ projects (vendor claims). Re-checked Oct 19, 2026: the site also lists a Procore Side Panel integration, an Insurance Wallet, pages for brokers and carriers and for subcontractors, and COI and product liability compliance for manufacturers; Billy is a trademark of BuildAP, Inc. (Brooklyn, NY). | Third-party risk management and certificate-of-insurance tracking platform that the vendor describes as powered by AI. Vendor says it reads each COI, checks it against your standards and industry benchmarks, and flags gaps in coverage, learning from 400,000+ COIs a month across a network of 517,000+ companies (vendor claims). Also lists vendor onboarding, automated reminder emails and error flags, no sign-in required for vendors, access for brokers, instant linking for project managers, collection of W-9s and contracts alongside COIs, and data preparation for litigation. Pitched to risk managers, finance teams (confirm vendors are compliant before paying), executives, coordinators, brokers and carriers. Homepage features named customer and G2 quotes (vendor-published). |
| Who it's for | General contractors managing subcontractor insurance compliance. | Risk managers, compliance coordinators and finance teams at contractors, homebuilders and real estate developers; insurance brokers and carriers. |
| Pricing (as publicly stated) | No public prices found (checked Oct 16 and Oct 19, 2026): /pricing returns a not-found page; the site lists a managed-service plan (its Certificate Management Team handles COI processing) without prices, and offers "Try Billy Free" and "Book a demo". Confirm current pricing with the vendor. | Plans page (read Oct 17, 2026; linked in the site footer) lists Starter (Free), free up to 50 vendors, with expirations and renewals, messaging and collaboration, basic reporting, custom data and AI document collection and classification. Pro (0-1500+ vendors; adds BI reporting, Procore, CMiC and Vista Viewpoint integrations, white-glove onboarding, AI Smart Requirements and W-9 extraction) and Complete (adds unlimited users, real-time support, custom integrations and a dedicated account manager) go through a demo, and no paid prices are listed. trustlayer.io/pricing returned 404 on Oct 16 and Oct 17, 2026; the homepage says vendors, brokers and project managers can collaborate on the platform at no cost to them. Re-checked Oct 19, 2026: plans unchanged; Pro and Complete list TrustLayer Plus as an optional add-on. (Checked Oct 16, Oct 17 and Oct 19, 2026.) |
| Test status | Not tested. No scores. | Not tested. No scores. |
| Vendor links | ||
| Sources |
Facts last checked: Oct 19, 2026. Prices change; check the vendor page before relying on them.
Where the vendor descriptions differ
- AI role: Billy lists an AI Review Assistant alongside automated collection and verification of COIs, W-9s, business licenses and other compliance documents. TrustLayer says it reads each COI, checks it against your standards and industry benchmarks and flags coverage gaps; its Pro plan adds AI Smart Requirements and W-9 extraction.
- Vendor and broker access: Billy says vendors or their brokers upload documents with no login required. TrustLayer says no sign-in is required for vendors, lists access for brokers, and says vendors, brokers and project managers can collaborate on the platform at no cost to them.
- Scope: Billy also lists a prequalification tool, an Insurance Wallet, pages for brokers, carriers and subcontractors, and COI and product liability compliance for manufacturers. TrustLayer also lists vendor onboarding, W-9s and contracts collected alongside COIs, and data preparation for litigation.
- Integrations: Billy lists Procore (including a Procore Side Panel), Autodesk, CMiC, Docusign, Sage 300, Sage Intacct, JD Edwards, Viewpoint Vista, Trimble ProjectSight and Acumatica. TrustLayer's Pro plan lists Procore, CMiC and Viewpoint Vista integrations, and Complete adds custom integrations.
- Pricing (checked Oct 19, 2026): Billy publishes no prices; /pricing returns a not-found page, and the site offers a managed-service plan, "Try Billy Free" and demo requests. TrustLayer's plans page lists Starter free for up to 50 vendors; Pro and Complete go through a demo with no paid prices listed.
- Vendor claims (not verified): Billy cites 100,000+ policies and 3,500+ projects. TrustLayer says it learns from 400,000+ COIs a month across a network of 517,000+ companies. Not measured the same way. Neither tool has been tested by Means & Methods Lab.
Paraphrased from the sources listed above. Vendor claims are reported as claims.
What we can't tell you yet
Which tool is better for your work. That needs testing on the same package with a verified answer key. Planned measures for this comparison:
- Accuracy of each tool's compliance decision on the same set of deficient certificates and endorsements
- How much of the review is done by software versus a managed-service team on each plan
- Outside Means & Methods Lab's current benchmark scope.
See the methodology and leaderboard status.
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