Insurance Services for Audit Firm (Supplier Opportunity)

The contract requires the provision of professional liability insurance, specifically errors and omissions coverage, for a CPA firm engaged to perform an audit on behalf of the Kentucky Department of Corrections. The insurer must hold an AM Best rating of at least B+ to ensure financial stability and reliability. The Commonwealth of Kentucky must be named as an additional insured on the policy to protect its interests against potential claims arising from the audit work. This requirement ensures that the state has direct coverage under the policy should any negligence or failure in professional services by the CPA firm result in financial or legal consequences. The opportunity is classified as a subcontract under NAICS code 524210, indicating it falls within the insurance carriers and related activities sector. Responses are due by July 29, 2026, and the solicitation is posted on the Kentucky Vendor Self-Service portal for interested parties to access further details.