Third-Party Risk Assessment and Insurance Advisory Services

The contract under the title Third-Party Risk Assessment and Insurance Advisory Services engages a vendor to perform comprehensive risk assessments for Collin County Community College District, with a focus on identifying potential exposures and advising on appropriate insurance coverage limits to mitigate financial and operational vulnerabilities. The vendor will work closely with the college’s administrative and insurance teams to ensure that risk management strategies align with institutional needs and regulatory expectations. This includes evaluating existing policies, analyzing emerging threats, and recommending adjustments to coverage levels to maintain adequate protection across the college’s facilities, programs, and operations. In addition to risk analysis and coverage recommendations, the vendor is responsible for supporting the coordination of claims management between the insurer and the college. This involves facilitating timely communication, assisting with documentation, guiding the college through claims processes, and helping to resolve disputes or delays that may arise. The vendor is expected to maintain a high level of technical expertise and responsiveness to ensure that claims are handled efficiently and that lessons learned from incidents inform future risk mitigation efforts. Services are to be performed in support of the college district’s operational continuity and financial stability, with performance expected to meet strict timelines and outcomes aligned with the solicitation issued under FY2026-RFP-061.