Insurance & Risk Management Services (Supplier-Facing)

The contract requires suppliers to procure and maintain insurance policies that designate the University of Michigan as an additional insured, ensuring the institution is protected against potential liabilities arising from the supplier’s activities. This obligation includes meeting specific coverage thresholds and policy requirements aligned with the university’s risk management standards, with continuous validation and renewal through the duration of the engagement. Suppliers must also support federal audit and records compliance by providing accessible, accurate, and timely documentation related to insurance coverage, policy terms, endorsements, and claims history, ensuring full transparency and adherence to federal contracting clauses. The contract is structured as a subcontract under NAICS code 524298 and is solicited by the University of Michigan’s Michigan office, with responses due by June 22, 2026. There is no set-aside designation, and performance is expected to support university operations across locations without a specified physical place of performance. Suppliers are expected to engage through the university’s procurement portal, where detailed requirements and instructions will be accessible for bidding and compliance purposes. Failure to meet insurance or documentation obligations may result in contract non-compliance and termination.