Insurance Agencies and Brokerages

The North American Industry Classification System (NAICS) code 524210 for Insurance Agencies and Brokerages encompasses organizations that arrange, underwrite, and sell insurance policies across various categories. These agencies act as intermediaries between insurance providers and clients, offering services such as policy placement, risk assessment, and claims management. The category includes both traditional insurance brokers and specialized agencies that focus on specific types of insurance coverage, such as life, health, property, and liability insurance.

Federal contract awards under this NAICS code reveal a diverse range of insurance services primarily supporting U.S. government diplomatic missions worldwide. Typical contract values range from approximately $10,000 to $2,000,000, with performance periods typically spanning one to five years. Frequently awarded entities include international insurance companies like Bankers Assurance Sal, Family Guardian Insurance Company, and Pacific Cross Insurance Company. The U.S. Department of State's Bureau of Western Hemisphere Affairs and Bureau of European and Eurasian Affairs are the most common funding agencies. Most contracts are awarded without specific set-aside designations, indicating full and open competition. Performance locations span multiple countries, including Lebanon, Belize, Honduras, France, and various other diplomatic mission locations.

Recent federal contract opportunities demonstrate requirements for specialized insurance services across government agencies. The Maritime Administration seeks oil pollution and hazardous substance insurance for its National Defense Reserve Fleet, with policy coverage options ranging from $50 million to $100 million. The U.S. Embassy in Brasilia is soliciting a life insurance plan for employees across multiple Brazilian locations, while the Lawrence Berkeley National Laboratory is conducting market research for shipping insurance for a high-value scientific instrument. Other opportunities include workers' compensation insurance for locally employed staff in Portugal, automobile liability insurance for government vehicles in Canada, and aviation liability insurance for the Federal Aviation Administration's Contract Tower program.