SayPro Commercial Insurance

Along with the allocation of risk clauses, it is common for transferers to require transferees to carry certain types and amounts of commercial insurance as a means to assure financial resources will be available should a loss occur. Because it’s likely the typical vendor, independent contractor or landlord in Harvard’s supply chain does not have sufficient liquidity, should they be called upon, to fulfill their indemnification obligations for a major loss event, all vendors and independent contractors selling goods to Harvard, having a presence on Harvard premises, or providing services to or performing work on behalf of Harvard should be required to maintain minimal levels of commercial insurance covering claims or loss arising out of the delivery of those goods and/or services. This requirement to maintain insurance also applies to all persons and/or entities providing goods and/or services to Harvard indirectly through such vendors/contractors (e.g. "subcontractors"). [Note: Contractors providing construction services and firms providing building design or engineering services for capital projects (as defined by Harvard CAPS) should instead comply with the minimum insurance amounts specified in Harvard’s Standard Construction and Design contracts which are available on the Capital Projects (CAPS) website.Please visit our website at www.saypro.online Email: info@saypro.online Email: info@saypro.online Call: + 27 11 071 1903 WhatsApp: + 27 84 313 7407. Comment below for any questions and feedback. For SayPro Courses, SayPro Jobs, SayPro Community Development, SayPro Products, SayPro Services, SayPro Consulting, and SayPro Advisory visit our website to www.saypro.online