Professional Liability (Errors & Omissions) Insurance Provider

The City of Augusta requires a Professional Errors & Omissions insurance policy with limits of $1 million per claim and $1 million in aggregate coverage, valid for three years following the completion of the contract. This policy must be issued by an insurer rated Best’s ‘A’ or higher, ensuring financial stability and reliability. The City of Augusta is to be named as an additional insured under the policy, granting it direct protection against claims arising from professional negligence, errors, or omissions related to the contracted services. The coverage is mandatory and must remain in place for the full three-year post-contract period, regardless of the duration of the underlying work. The requirement stems from a subcontract under NAICS code 524210, which pertains to insurance agencies and brokerages, indicating the procurement is focused on securing professional liability protection rather than direct service delivery. All terms are bound by the City's purchasing guidelines, accessible through its Finance and Administration portal.