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This session will focus on foundational knowledge for assessing vendor/contractor financial capability and using insurance to mitigate the risk to public entities. It will provide an overview of the Texas Comptroller of Public Accounts’ Statewide Procurement Division, which is the central authority for state agency procurement guidance, education, and statewide contract development services, and an overview of the basics of risk assessment. It will then explore using insurance to mitigate risk in government contracts, including foundational knowledge about assessing contractor financial capability. Attendees will be able to assess financial capability before and after contract award, understand types of insurance used in a contract, read a Certificate of Insurance (COI), and assess risk in a contract to determine coverage limits.

This session offers one hour of CE from TDI.

Speaker
Michelle Crocker is the Team Lead for the Training and Policy Development Team in the Statewide Procurement Division at the Comptroller of Public Accounts. Michelle has worked with CPA for 3 years, and her career in training and instructional design spans twenty years. Her team teaches the Basic Texas Purchaser, Certified Texas Contract Developer, and Certified Texas Contract Manager courses, develops continuing education for procurement professionals, and provides policy guidance for state agencies. Michelle is a Certified Texas Contract Developer and Certified Texas Contract Manager.

  Webinars are free for Texas PRIMA members.  Must be a current member of Texas PRIMA to register.