This Solicitation opportunity from Department Of Transportation was posted on January 15, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
MARAD Protection & Indemnity Policy Services
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 calls for a state-licensed marine insurance broker to provide brokerage and consultancy services for the Maritime Administration (MARAD) and associated State Maritime Academies (SMAs). The primary responsibility is to secure and manage Protection and Indemnity (P&I) insurance coverage for the fleet of MARAD-owned vessels, including training ships. This involves producing coverage, placing annual fleet P&I policies with marine underwriters or mutual assurance associations, maximizing club limits, advising on appropriate coverage and costs, and assisting with claim support and processing. This solicitation, titled "MARAD Protection & Indemnity Policy Services," is issued by the Department of Transportation’s Maritime Administration office in Washington, D.C. The contract falls under NAICS code 524210, related to insurance agencies and brokerages, and has a response deadline at the end of January 2026. Interested brokers are expected to canvass the P&I club market for the best value policies, provide ongoing advisory support, and manage insurance claims. Primary and secondary points of contact are provided for inquiries, and no set-aside program is applied to this solicitation.
General Info
Place of Performance
Washington, DC, 20590, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
MARAD seeks a state-licensed marine insurance broker to provide brokerage and consultancy services to MARAD and the SMAs in order to place, manage and administer (from producing coverage, to claim support with respect to the insurer) marine insurance P&I coverage for the said fleet of MARAD-owned vessels. The deliverable will be the placement and management of a fleet P&I coverage policy by a marine underwriter or a mutual assurance association with maximum club limits for the training ships.The marine insurance broker will be tasked with (1) canvassing the P&I club market to obtain the best value for fleet coverage of P&I risks, (2) advising MARAD on appropriate P&I coverage risks and costs, (3) placing P&I fleet coverage for the fleet on an annual basis, and 4) supporting MARAD with insurance claim processing with insurer.
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