Insurance and Bonding Services

The contract requires the procurement of comprehensive insurance and bonding coverage through carriers licensed in Texas and rated A or better by A.M. Best, including professional liability insurance of $5 million, general liability insurance of $5 million, cyber and data breach liability insurance of $15 million, a performance bond for $10 million, and a dishonesty bond for $100,000. These policies are essential to ensure financial protection against professional errors, third-party claims, cyber incidents, and failure to perform contractual obligations, while the dishonesty bond safeguards against employee fraud or theft. All coverage must be secured by insurers meeting the specified financial strength and licensing criteria to guarantee enforceability and reliability. The solicitation is issued under the NAICS code 524210 for Insurance Agencies and Brokerages and is structured as a subcontract by the Comptroller of Public Accounts in Texas. Interested parties must submit responses by September 2, 2026, at 8:00 PM Central Time, with the opportunity to participate through the Texas SmartBuy platform. The contract does not specify a set-aside designation and does not indicate a defined place of performance beyond the state of Texas, allowing flexibility in service delivery as long as all carrier and policy requirements are met.