This Solicitation opportunity from Florida was posted on July 15, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Insurance Broker Services for Property and Casualty
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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AI Contract Overview
The contract involves engaging a qualified insurance broker team to support the economic development initiatives of the IDA and The Development Group in Hardee County, Florida. The selected broker will be responsible for coordinating with these entities to ensure accurate and current exposure data is incorporated into new insurance policies, issuing and delivering policies in a timely manner, and ensuring that all policies meet the terms, coverage, and conditions initially agreed upon. The broker must promptly address any deficiencies before policy delivery and facilitate efficient renewal processes, including aligning renewal dates for multiple properties. Additionally, the broker will assist in conducting risk assessments, developing appropriate insurance strategies, and providing expert recommendations tailored to the needs of a public entity and dependent special district, all while staying informed of relevant legal and regulatory changes. The role also includes making presentations to the IDA Board as needed and participating in property site tours to better understand coverage requirements. The contract, valued between $500,000 and $2,000,000, emphasizes comprehensive property and casualty insurance services, with a focus on supporting the strategic growth and risk management of the involved organizations.
General Info
Agency
Place of Performance
FL, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
The Scope of Services may include but is not limited to the following: 1. Coordinate with the IDA and The Development Group team to assure that up-to-date exposure data will be incorporated into the issuance of newly purchased policies. 2. Issue and deliver valid and timely binders for insurance policies purchased by the IDA and The Development Group. 3. Assure that insurance policies being purchased will be delivered in accordance with the proposal(s) that were accepted by the IDA and The Development Group. 4. Assure that the policies issued reflect no lesser policy terms, conditions, coverage amounts and options than were accepted by the IDA and The Development Group. 5. Promptly correct policy deficiencies before delivery. 6. Promptly deliver the policies to the IDA and The Development Group. If any deficiencies from the accepted proposal remain, provide a timeline for their resolution to the satisfaction of the IDA and The Development Group. 7. Efficiently insure multiple properties and provide for efficient renewal procedures, including the renewal of all policies on the same date. 8. Assist the IDA and The Development Group team in conducting risk assessments and analyses for each property owned and develop policy plans and options based on results of the assessments and analyses. 9. Consult with the IDA and The Development Group and make recommendations regarding necessary and sufficient insurance coverage. 10. Have knowledge and understanding of the needs of a public entity and, specifically, a dependent special district, and be able to make recommendations regarding insurance coverage and navigate the regulatory environment. 11. Monitor changes in laws and regulations affecting insurance coverage and make recommendations to the IDA and The Development Group if changes are required. 12. Make presentations to the IDA Board of Directors regarding insurance coverage, policies, terms, and conditions as requested. 13. Participate in site tours for property to be covered.
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