OCERS seeks modern technology driven solutions from respondents to realize the outlined vision (Attachment E - Appendix A). Respondents are encouraged to exercise creativity, flexibility, and technical proficiency in designing solution architectures that align with OCERS modernization objectives. Proposals that demonstrate extendibility and adaptability without custom programming, while delivering a comprehensive line-of-business system for pension administration, will be highly valued. 3.1 - Introduction The firm selected for this engagement will be expected to meet requirements that include, but are not limited to, the following: 1. The firm must have all necessary permits and licenses to perform the requested services and must be bonded where applicable. 2. Minimum insurance coverage must include the following items, and proof of such insurance must be provided to OCERS prior to the commencement of work, on an annual basis, and upon request: • Commercial General Liability: $2M per occurrence, $2M aggregate • Automobile Liability: $1M per occurrence, $2M aggregate • Workers Compensation: As required by the State of California • Employer’s Liability: $1M per occurrence, $1M aggregate • Umbrella/Excess Liability: $8M per occurrence, $8M aggregate • Professional Liability: $2M per occurrence, $3M aggregate • Cyber Security Insurance: $2M per occurrence, $5M aggregate • Fidelity Insurance: $5M per occurrence
