INSURANCE VENDOR RISK MANAGEMENT CHECKLIST

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--- VENDOR IDENTIFICATION & CATEGORIZATION ---
[ ] Vendor Name
[ ] Brief Description of Services Provided
[ ] Vendor Category (Technology, Legal, Financial, Consulting, Other)
[ ] Number of Employees (Vendor)
[ ] Criticality Level (High, Medium, Low)
[ ] Date Vendor Relationship Started

--- FINANCIAL STABILITY ASSESSMENT ---
[ ] Annual Revenue (USD)
[ ] Debt-to-Equity Ratio
[ ] Last Financial Statement Date
[ ] Credit Rating (if applicable) (AAA, AA, A, BBB, BB, B, CC, C, D, Not Rated)
[ ] Ownership Structure (Publicly Traded, Privately Held, Subsidiary, Partnership)
[ ] Summary of Financial Health

--- CYBERSECURITY RISK ASSESSMENT ---
[ ] Latest Vulnerability Scan Score (CVSS)
[ ] SOC 2 Attestation of Compliance? (Yes, No, Not Applicable)
[ ] Security Standards Compliant With (Select All That Apply) (NIST Cybersecurity Framework, ISO 27001, PCI DSS, HIPAA, Other)
[ ] Summary of Key Cybersecurity Risks Identified
[ ] Latest Penetration Test Report
[ ] Endpoint Detection & Response (EDR) Solution Deployed? (Yes, No, Not Applicable)
[ ] Number of Security Incidents Reported in Last Year

--- DATA PRIVACY & SECURITY COMPLIANCE ---
[ ] Relevant Privacy Frameworks Applied (e.g., GDPR, CCPA, HIPAA) (GDPR, CCPA, HIPAA, Other)
[ ] Data Encryption Standards Used (AES-256, TLS 1.3, Other)
[ ] Data Residency Compliance (Compliant, Partial Compliance, Non-Compliant)
[ ] Last Privacy Impact Assessment (PIA) Date
[ ] Summary of Vendor's Data Processing Agreement (DPA)
[ ] Copy of Vendor's Privacy Policy (PDF)
[ ] Number of Data Breaches Reported in Last 12 Months

--- BUSINESS CONTINUITY & DISASTER RECOVERY ---
[ ] BC/DR Plan Documentation Availability (Document Available & Current, Document Available - Requires Update, Document Unavailable)
[ ] Last BC/DR Plan Testing Date
[ ] Recovery Time Objective (RTO) - Hours
[ ] Recovery Point Objective (RPO) - Hours
[ ] Summary of BC/DR Plan Testing Results
[ ] BC/DR Testing Scenarios Executed (Data Center Failover, Network Outage, Application Failure, Pandemic/Health Emergency, Cybersecurity Incident)
[ ] BC/DR Plan Documentation (Optional)

--- CONTRACTUAL RISK MITIGATION ---
[ ] Indemnification Clause Adequacy (Adequate, Needs Revision, Inadequate)
[ ] Limitation of Liability Amount
[ ] Governing Law Specified? (Yes, No, Unclear)
[ ] Contract Expiration Date
[ ] Notes on Termination Clauses
[ ] Service Level Agreement (SLA) Inclusion? (Yes, No, Partial)
[ ] Supporting Contractual Documents (e.g., amendments)

--- PERFORMANCE MONITORING & REPORTING ---
[ ] Uptime Percentage (Last Month)
[ ] Average Response Time (Seconds)
[ ] Error Rate (%)
[ ] Service Level Agreement (SLA) Compliance (Compliant, Partially Compliant, Non-Compliant)
[ ] Last Performance Review Date
[ ] Summary of Performance Observations
[ ] Key Performance Indicators (KPIs) Trending (Improving, Stable, Declining)

--- AUDIT & COMPLIANCE VERIFICATION ---
[ ] Last Audit Date
[ ] Audit Type (Financial, Security, Compliance, Operational)
[ ] Audit Score (1-100)
[ ] Summary of Audit Findings
[ ] Areas of Non-Compliance (Select all that apply) (Data Security, Privacy Policy, Financial Reporting, Contractual Obligations)
[ ] Audit Report Document

--- TERMINATION & TRANSITION PLANNING ---
[ ] Planned Termination Date
[ ] Reason for Termination
[ ] Transition Lead (Internal) (Select Lead, Employee A, Employee B, Employee C)
[ ] Transition Phase Status (Not Started, Planning, In Progress, Complete)
[ ] Data Migration Plan Summary
[ ] Transition Documentation (e.g., Handover Plan)
[ ] Data Retrieval Deadline

--- INSURANCE COVERAGE REVIEW ---
[ ] Coverage Amount (USD)
[ ] Policy Effective Date
[ ] Policy Expiration Date
[ ] Type of Coverage (General Liability, Property, Professional Liability, Cybersecurity, Workers' Compensation)
[ ] Copy of Insurance Certificate/Policy Document
[ ] Insurance Company

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