Insurance and Risk Management Compliance Services

The City of Madison is seeking a subcontractor to provide third-party insurance and risk management compliance services for municipal contracts, focusing on the secure administration and ongoing management of required insurance coverage. This includes the submission and tracking of Certificates of Insurance, conducting policy audits to confirm coverage adequacy, and maintaining continuous compliance with contractual insurance requirements across all affected departments and vendors. The service provider will be responsible for ensuring that all insurance documentation is accurate, current, and aligned with the terms stipulated in city contracts, minimizing exposure to liability and regulatory gaps. The contract opportunity is open for bids with a response deadline of August 31, 2026, at 2:00 PM, and falls under NAICS code 524210, which corresponds to insurance agencies and brokerages. The scope involves proactive monitoring and reporting to uphold compliance standards, requiring a robust system for data management, audit trails, and communication with both internal municipal teams and external insurance carriers. The subcontractor must demonstrate experience in supporting public sector entities with complex insurance compliance needs and possess the technical capability to securely handle sensitive policy and coverage information throughout the term of the agreement.