Vendor Compliance Standards
Vendor compliance standards are the minimum requirements that vendors must meet in order to receive VIVE Certification. These standards are broken down by Company Background, Owner Background, General Liability Insurance, Auto Liability Insurance, Umbrella Liability Insurance, and Workers Compensation. Clients must set their compliance standards during the pre-launch phase. All changes will go into effect for the vendors who have yet to be screened, along with vendors that are renewing their vendor certification with VIVE. Changes will not cause vendors to be retroactively screened.
Changes in vendor compliance standards should be carefully thought out prior to being made, and all changes should be approved at an organizational level as they affect corporate policy. It is also recommended to contact VIVE to ensure the changes are made properly. In addition, VIVE will need to be made aware if the changes need to be retroactively applied. For more information on available compliance standards, please contact VIVE.
Figure 2.3 Compliance Requirements