Division of Financial Services
Procurement Services
Effective immediately, units no longer have to collect insurance certificates from purchase order vendors. Cornell’s standard insurance requirements remain the same and are included in the purchase order’s terms and conditions. Procurement and Payment Services will collect certificates for high-risk services or at the discretion of the procurement agent.
Services deemed high-risk are those that involve contact with minors as well as the following:
For information on Cornell’s standard insurance requirements, see the Insurance Requirements for Contractor/Vendors page on Risk Management and Insurance’s website. For instructions on determining whether a caterer or supplier has insurance on file, see Procurement’s Suppliers and Caterers with Insurance page.
This work to simplify the procurement process resulted from the collaborative efforts of a subcommittee of the Procurement Advisory Committee and senior leadership from Risk Management and Insurance, the University Audit Office, University Counsel, and the Division of Financial Services.
Catering and event space rental purchases under $10,000 that are paid for by procurement card must still be accompanied by proof of insurance. See the procedures on the Catering and Event Space Rental page on the Procurement’s website.
If you have questions, contact Procurement and Payment Services.
