1-Insurance Requirements.pdf
PDF 89 KB Posted
- Attached to
- RFQ# 26-002 External Financial Auditing Services
- Solicitation number
- RFQ# 26-002
- Issued by
- Tarrant County, Texas
About this file
This is an Insurance Requirements document for Tarrant County College District (TCCD), outlining mandatory coverage specifications for contractors providing external financial auditing services. The contract requires all insurance carriers to maintain an A or better rating from A.M. Best's Rating Guide, with proof of insurance mandatory in all submissions. Contractors must obtain Commercial General Liability coverage with limits of $1,000,000 for general aggregate, products-completed operations aggregate, and personal & advertising injury per location/use, $1,000,000 each occurrence, $100,000 fire damage, and $5,000 medical expense per person. Automobile Liability coverage must provide a combined single limit of $500,000. Workers' Compensation coverage must meet statutory limits with Employer's Liability limits of $100,000 per accident, $300,000 disease per employee, and $300,000 disease policy limit.
All insurance policies must include a 30-day notice of cancellation and/or material change clause, and TCCD must be named as an additional insured on Commercial General Liability and Automobile Liability policies. Workers' Compensation policies must include a Waiver of Subrogation in favor of TCCD. Contractors may satisfy coverage limits through a combination of primary Liability policies and Follow Form Umbrella coverage. These requirements apply to any firm selected to provide external audit services for the College's financial statements, Annual Comprehensive Financial Report, and federal and state compliance audits.
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Other files
| File | Type | Posted |
|---|---|---|
| 3-RFQ 26-002 Wet Signature.pdf | ||
| 4-RFQ 26-002 External Financial Auditing Services.pdf | ||
| 2-Certificate of Interested Parties.pdf |
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Text version
Insurance Requirements
Minimum insurance requirements are (proof of insurance is required in your submittal):
All Companies to be rated A or better by A M Best’s Rating Guide
All limits may be met by a combination of Liability and Follow Form Umbrella
COMMERCIAL GENERAL LIABILITY
Limits:
$1,000,000 General aggregate per this location/use $1,000,000 Products-Completed Operations aggregate per this location/use $1,000,000 Personal & Advertising Injury per this location/use $1,000,000 Each Occurrence per this location/use $ 100,000 Fire Damage (any one fire) per this location/use $ 5,000 Medical Expense (any one person) per this location/use Include 30 Day Notice of Cancellation and/or material change TCCD to be named Additional Insured
AUTOMOBILE LIABILITY
$ 500,000 Combined Single Limit
TCCD to be named Additional Insured
WORKERS’ COMPENSATION AND EMPLOYER’S LIABILITY
Workers’ Compensation-Statutory Limits
Employer’s Liability:
$ 100,000 Each Accident $ 300,000 Disease-Each Employee $ 300,000 Disease-Policy Limit
Include Waiver of Subrogation in favor of TCCD
File details come from the government source that posted it. Updated .