Professional Liability & Project Insurance Brokerage

The contract seeks a qualified insurance broker to provide professional liability and project insurance brokerage services on behalf of the Cape Fear Public Utility Authority, ensuring the procurement of adequate coverage tailored to the authority’s operational and contractual needs. The primary objective is to secure professional liability insurance that meets all applicable requirements and to issue certificates of insurance that formally name CFPUA as an additional insured, thereby protecting the authority from potential third-party claims arising from the activities of the broker or service provider. The broker must demonstrate expertise in navigating complex insurance landscapes, particularly within public utility or infrastructure contexts, and must deliver documentation promptly and accurately in compliance with contractual standards. The solicitation is issued as a subcontract under NAICS code 524210, which pertains to insurance agencies and brokerages, and is open for response until August 25, 2026. The contract does not specify a set-aside designation, indicating it is open to all eligible vendors regardless of business size or ownership status. While no detailed point of contact or physical performance location is provided, the work is expected to be conducted remotely with deliverables focused on insurance documentation and coordination, with the ultimate goal of ensuring CFPUA is fully protected under all required policies without interruption or exposure. Proposers must align their services with the authority’s risk management framework and be prepared to respond to evolving coverage needs throughout the term of any associated project.