Insurance and Risk Management Services

The contract requires the vendor to provide or verify compliance with specific insurance coverages essential for risk management at Massachusetts Bay Community College, ensuring alignment with institutional safety standards. Mandatory insurance provisions include $1 million in auto liability coverage, a $5 million umbrella policy to supplement liability limits, workers’ compensation insurance to cover employee injuries, unemployment insurance as required by state law, and a waiver of subrogation in favor of the college to prevent insurers from seeking recovery from the college in the event of a claim. These requirements are designed to mitigate financial and legal exposure for the institution and ensure that all third-party service providers operate under adequate protection. Performance of this subcontract is tied to the college’s campus location at Oakland Street in Wellesley Hills, Massachusetts, with a bid submission deadline of May 27, 2026, at 3:00 p.m. The solicitation is categorized under NAICS code 524298, which pertains to other insurance related activities, indicating it is not a traditional insurance product but a compliance verification or service arrangement. The contract is structured as a subcontract, meaning the vendor will likely be supporting a larger contractor or directly interfacing with the college in a support role. All parties must ensure full adherence to the listed insurance requirements prior to commencement of work, with documentation submitted as proof of coverage and the waiver of subrogation formally acknowledged by all insurers involved.