1-Insurance.pdf

This is an insurance document related to HVCC's phone recording solution procurement. The document outlines insurance requirements and coverage specifications that bidders must maintain throughout the contract term. The scope includes general liability insurance with minimum coverage limits, professional liability insurance, and cyber liability insurance given the technology-dependent nature of phone recording systems. Bidders are required to name HVCC as an additional insured on applicable policies and maintain continuous coverage without gaps or lapses. The insurance requirements specify that all policies must be issued by insurers rated A-:VII or better by A.M. Best and that certificates of insurance must be provided prior to contract execution and renewed annually throughout the contract period.

The document establishes that insurance costs are the responsibility of the bidder and must be factored into the overall proposal pricing. All insurance policies must comply with New York State requirements and remain in effect for the duration of the contract term plus any renewal periods. The document emphasizes that failure to maintain required insurance coverage constitutes a material breach of contract and provides grounds for termination. Bidders must acknowledge their understanding of and commitment to these insurance requirements as part of their proposal submission, demonstrating financial stability and operational responsibility in delivering phone recording services to HVCC.