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URGENT: How to Ensure You Have The Proper Insurance For a City Contract

URGENT: How to Ensure You Have The Proper Insurance For a City Contract

So you want to bid on a city contract, or maybe you just won a city contract and it is time to get the paperwork submitted and get to work. There is one small problem: you don’t know if the insurance you have meets the city’s requirements. What do you do?! Take a deep breath, and then keep reading: The city will provide you with a copy of the insurance requirements either with the bid packet or after the contract has been awarded. They probably look something like this: from City of Santa Monica Government The insurance requirements may also be on the website, and can be found by searching “[city name] insurance requirements”. For instance, the City of Long Beach insurance requirements can be found by clicking here. You can also check with the city’s risk management website. If you don’t have the proper insurance or enough insurance, your contract could be delayed or even nullified. Your Hayes Broker should be an integral part of your city contract bid process. You should provide the insurance requirements to your Hayes Broker in order to ensure that you have the proper insurance for the city contract. This information should be provided as soon as possible, and preferably prior to bidding or prior to signing the contract. The sooner your broker knows what insurance you will need, the sooner they can put coverage in place and advise you of additional costs. Best Practices for Meeting City Requirements Most city contracts require at a minimum: Workers compensation & employer’s liability coverage Commercial general liability Automobile coverage Cities may also require: Umbrella/excess liability...