SBE-SPSS - Professional Liability Insurance-AB

This is a small purchase with sole source conditions for professional liability insurance issued by the State of Illinois. The state is seeking a vendor to provide professional liability insurance coverage. Key deliverables include maintaining appropriate insurance coverage and indemnifying the state against claims. Vendors must meet certain qualifications, such as providing detailed records and cooperating with state audits. The contract is subject to Illinois law and may be terminated for cause or convenience. The procurement has a short turnaround, with a posting date of February 3, 2023 and a due date of February 6, 2023.

This procurement is designated as a small purchase with sole source conditions, which restricts the types of organizations that can respond. No incumbent vendors or current contractors are listed. The procurement documents do not specify an award value or budget range, but the state's standard terms and conditions apply, which include payment terms and restrictions on assignment and subcontracting.