3M_Company_Proposed_Alternate_Insurance_Letter__1_.pdf
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- Attached to
- Master Agreement AZ|CTR058136
- Contract number
- CTR058136
- Issued by
- Arizona
About this file
This document is an insurance requirements letter dated August 27, 2021, from 3M Company's Insurance Department in St. Paul, Minnesota, addressed to the State of Arizona regarding a Request for Proposal (RFP) numbered BPM003767. The letter confirms 3M's insurance coverage and financial capabilities in relation to a potential contract for supplying reflectorized sign sheeting.
The letter affirms that 3M Company maintains statutory Workers' Compensation and Automobile Insurance coverage in all states where it operates, and assumes responsibility for general, products, contractual, personal, and advertising injury risks. To underscore its financial strength, 3M highlights annual sales exceeding $30 billion and assets over $48 billion, indicating its capacity to respond to potential claims. The document serves as an alternative insurance program confirmation for the duration of the RFP and any resulting agreement, specifically for the provision of reflectorized sign sheeting to the State of Arizona.
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Text version
3M Insurance Department 3M Center, Bldg. 224-5S-29
St. Paul, MN 55144-1000
August 27, 2021
Re: Insurance Requirements
This letter is to confirm that 3M Company is responsible for the general, products, contractual and personal and advertising injury risks above the limits required in the Request for Proposal BPM003767.
With regard to Workers’ Compensation and Automobile Insurance, 3M Company maintains required statutory coverage in all states in which 3M Company operates.
Please keep in mind that types and amounts of insurance do not in any way change or reduce the responsibilities of the contracting parties to each other or to third parties. 3M Company sales are in excess of $30B annually and the assets of 3M Company are in excess of $48B, which is an indication that beyond insurance, 3M is capable of responding to a claim that may come as a result of supplying Reflectorized Sign Sheeting to the State of Arizona.
We appreciate your acceptance of this letter as an alternative insurance program which will remain in effect for the term of this RFP and the term of any resulting agreement.
Regards, Susan Broin Sr. Insurance Manager sbroin@mmm.com
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