Insurance Compliance and Risk Management Coordination

The contract requires a third-party administrator to oversee insurance compliance for subcontractors engaged in projects under Malibu City’s jurisdiction, ensuring all insurance policies meet strict municipal standards. This includes verifying that subcontractors maintain adequate coverage with insurers rated by A.M. Best, confirming proper additional insured status for the city, and enforcing waiver of subrogation provisions as mandated by local requirements. The role involves continuous monitoring, documentation review, and coordination to mitigate risk and ensure regulatory alignment throughout project lifecycles. The work is classified under NAICS code 524298, indicating it falls within other direct insurance carriers and related activities, and is structured as a subcontract opportunity with a response deadline of April 23, 2025. Though no set-aside details are specified, the procurement is managed by Malibu City in California, with all compliance activities tied to the city’s operational and risk management protocols. Interested parties must submit proposals via the official bid portal before the deadline to qualify for consideration.