Insurance and Risk Management Services

The contract seeks services to ensure full compliance with mandatory insurance requirements, specifically involving the issuance of Commercial General Liability policies aligned with the ISO CG 00 01 12 07 form and coverage provided by carriers rated by A.M. Best. The work focuses on risk management and insurance administration to meet state-mandated standards, requiring the vendor to deliver policies that uphold industry-recognized criteria for liability protection. This subcontract is part of a broader effort by the State Fiscal Accountability Authority of South Carolina to maintain robust financial and operational safeguards across its programs. The solicitation was posted on July 15, 2026, with responses due by August 14, 2026, and falls under NAICS code 524210, which categorizes insurance agencies and brokerages. Performance of the work is not tied to a specific location, and no set-aside provisions apply. The contract is accessible through the South Carolina Business Opportunity portal, and all participants must meet the specified insurance standards to be considered eligible. The requirement emphasizes adherence to regulatory and carrier benchmarks without deviation, ensuring consistent, reliable coverage for state operations.