Insurance_Requirements.pdf

This document outlines insurance requirements for RFP-605021-25 Utility Billing Software Replacement Phase 2, specifying detailed insurance coverage specifications for a potential vendor. The insurance requirements include multiple categories of liability coverage with specific monetary limits: Commercial General Liability Insurance ($1M-$2M across different coverage types), Excess/Umbrella Liability ($2M), Cyber Liability and Technology Errors and Omissions Insurance ($1M per claim), Crime and Employee Dishonesty Liability ($500,000 per occurrence), and Professional Liability ($1M per claim, $2M general aggregate).

The comprehensive insurance requirements suggest a complex technology project involving utility billing software replacement, with significant risk mitigation strategies built into the procurement process. The multiple insurance categories indicate the project likely involves sensitive data handling, technology implementation, and potential operational risks that necessitate robust financial protection for the contracting entity. The varying coverage limits demonstrate a strategic approach to managing potential technological, operational, and professional liability risks associated with the software replacement initiative.