Gsa 1627 2018-2025 Form

What is the GSA Form 1627?

The GSA Form 1627 is a document used by businesses and individuals to provide proof of insurance coverage. This form is essential for contractors and vendors who wish to do business with the federal government. It ensures that the entities have the necessary insurance policies in place to protect against potential liabilities that may arise during the execution of contracts or projects. The form includes details about the type of insurance, coverage limits, and the duration of the policy.

How to Use the GSA Form 1627

Using the GSA Form 1627 involves several key steps. First, you must accurately fill out the form with your insurance information, including the policy number, the insurance provider's details, and the coverage limits. Once completed, the form should be submitted to the appropriate government agency or contracting officer as part of your proposal or contract requirements. It is crucial to ensure that all information is current and reflects your active insurance policies.

Steps to Complete the GSA Form 1627

Completing the GSA Form 1627 requires careful attention to detail. Follow these steps:

1. Obtain the latest version of the GSA Form 1627, which can typically be found on official government websites.
2. Fill in your business information, including the name, address, and contact details.
3. Provide details of your insurance policies, including the type of coverage and policy numbers.
4. Ensure that the coverage limits meet or exceed the requirements specified in your contract.
5. Review the completed form for accuracy before submission.

Key Elements of the GSA Form 1627

The GSA Form 1627 consists of several key elements that must be included for it to be considered valid. These elements include:

• Insured Information: Name and address of the insured party.
• Insurance Provider: Name and contact information of the insurance company.
• Policy Details: Type of insurance, policy number, and effective dates.
• Coverage Limits: Specific limits for liability and other coverage types.
• Signature: Signature of the authorized representative of the insured.

Legal Use of the GSA Form 1627

The GSA Form 1627 serves a legal purpose in establishing proof of insurance for federal contracts. It is important to understand that submitting this form is a legal affirmation that the information provided is accurate and that the insurance policies are active. Misrepresentation or failure to maintain the required insurance can result in penalties, including disqualification from federal contracts or legal action.

Form Submission Methods

The GSA Form 1627 can be submitted through various methods, depending on the requirements of the contracting agency. Common submission methods include:

• Online Submission: Many agencies allow electronic submission through their procurement platforms.
• Mail: The form can be printed and mailed to the designated contracting officer.
• In-Person: Some agencies may require the form to be delivered in person, especially for sensitive contracts.