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#1996194 - 02/13/15 11:42 PM Vendor Risk - Insurance Certificates
bOaty Offline
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bOaty
Joined: Aug 2006
Posts: 4,266
Chillin an grillin
Do you require current insurance certificates to be maintained at all times?

Does this apply to all vendors? If not, what is your methodology for this requirement?
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Risk Management
#1996491 - 02/17/15 09:30 PM Re: Vendor Risk - Insurance Certificates bOaty
osucpa Offline
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Joined: May 2011
Posts: 1,400
I would suspect every vendor might be difficult to track. Why not use a risk based approach for you vendors and obtain insurance verification for you critical and high risk.

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#1996511 - 02/17/15 10:44 PM Re: Vendor Risk - Insurance Certificates bOaty
bOaty Offline
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bOaty
Joined: Aug 2006
Posts: 4,266
Chillin an grillin
We absolutely obtain insurance for critical vendors but as risk dwindles from there, I was trying to determine a cut off point that made sense and wondered what others were doing.
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