Insurance Requirements
The supplier name must be shown on the certificate of insurance to be the same as on the online agreement and the Federal Tax ID. Must list as Additional Insured & Certificate Holder: Walmart Stores Inc., its subsidiaries & affiliates
Attn: Insurance Compliance
702 SW 8th Street
Bentonville, AR 72716-0145 Must include: Commercial General Liability including Product Liability Each Occurrence Minimum Limits: $2,000,000* Each Occurrence (Must be equivalent to U.S Dollars). Note that an Excess Liability/Umbrella can be used to increase the primary General Liability limits. *Up to $10,000,000 will be required if determined by Walmart as a high-risk product according to a matrix of insurance limits provided by a reputable insurance broker and followed by Walmart To determine what limit is required for you type of product; review the Supplier Liability Insurance (SLI) Matrix, if you do not see your product, contact Insurance Compliance. Territory and Jurisdiction Worldwide *Suppliers Insurance shall be considered primary, noncontributory, and not excess coverage. The insurance carrier(s) must be "A" rated according to A.M. Best or another insurance rating industry authority. The insurance company must show that Walmart will be given 30 days written notice in case of cancellation. Workers' Compensation (if entering Walmart property): Statutory must comply with insured's respective state workers' compensation laws. Employers' Liability: $1 Million (waiver of subrogation where permitted by law) EACH RENEWAL OF INSURANCE MUST SUBMITTED BY THE SUPPLIER. A copy of your Certificate of Liability Insurance will be requested once your company has been accepted by the buyer. Please do not make changes or purchase insurance until requested by Walmart Accord liability form is preferred. Once your company has an active vendor number, you must keep the required insurance coverage at all times. Failure to maintain the required insurance coverage, your account will be placed on hold (payments to your company will be withheld until a current certificate is furnished and approved) or inactivated. Please include your vendor number on the certificate.
Click the links below to add this entry to social networking sites.
|
|
|