Insurance and Risk Management Compliance

Ferris State University requires contractors to maintain comprehensive insurance coverage as a mandatory condition for performing work under this subcontract, with specific obligations including general liability, professional liability, cyber risk, and workers’ compensation insurance to ensure risk mitigation across all operational aspects of the project. The contract mandates full compliance with these insurance requirements to protect both the university and the contractor from potential financial and legal exposure arising from third-party claims, professional errors, data breaches, or workplace injuries. The solicitation, posted on July 6, 2026, has a response deadline of July 24, 2026, and is governed under NAICS code 524126, which pertains to insurance agencies and brokerages, indicating the nature of the services involved. The place of performance and specific agency office details have not been specified, but the contractual obligations apply regardless of location. Contractors must ensure all policies are active, adequately sized, and formally documented prior to commencing any work, and failure to meet these insurance obligations will result in non-compliance and potential termination of the subcontract.