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At UCSB, departments can ask Risk Management to waive the insurance necessities if the acquisition includes low risk goods and providers that create little exposure to legal responsibility. Departments who're procuring low threat items or providers that meet the exemption standards described above, can submit a Request for Waiver of UC Insurance Requirements to the chance Management office. It's the practice of the danger Management workplace to discourage waivers and not approve them except they meet strict exemption standards. To acquire a UC dubai car rental requirements certificate of insurance coverage, full the Request for UC Certificate for Insurance form and submit it, together with the agreement, P.O., contract, license, permit, or different document that requires it, to the UCSB Risk Management office. Business & Finance Bulletin BUS-63 states that “Under the phrases and situations of any contract, buy order, or different settlement, the non-University entity is required to indicate evidence of satisfactory insurance coverage coverage by furnishing Certificate(s) of Insurance indicating compliance with all requirements.” Insurance protects the University by lowering its exposure to the legal responsibility of providers from whom it obtains items and companies. Put one other manner, the University obtains certificates of insurance coverage from its enterprise partners to protect itself from the liability arising out of their actions.

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