Insurance & Risk Management Compliance

The contract requires the acquisition and maintenance of commercial insurance policies meeting specific coverage limits and strict compliance with Cape Fear Public Utility Authority’s risk management standards. Essential provisions include adding CFPUA as an additional insured on all relevant policies and including a waiver of subrogation clause to prevent insurers from seeking recovery from CFPUA after a claim. The work involves ensuring all insurance documentation is properly executed, current, and aligned with the authority’s requirements for risk mitigation, particularly in relation to operational activities under this subcontract. This is a subcontract under NAICS code 524210, with a solicitation posted on August 7, 2026, and responses due by September 8, 2026. The obligation falls under the jurisdiction of the Cape Fear Public Utility Authority in North Carolina, and bidders must be prepared to meet all policy and procedural mandates without exception. Performance is expected to support CFPUA’s operational integrity, with no exceptions granted for noncompliance on coverage terms, additional insured status, or subrogation waivers.