UNSPSC 64122302: Directors and officers liability insurance contract

Protects the directors and officers of a company from claims made against them for a wrongful act such as; error, misstatement, misleading statement, omission, neglect, breach of duty

UNSPSC 64122302 Directors and officers liability insurance is a Commodity code that encompasses liability insurance underwriting and policy administration for public-sector governing boards and executives, along with the brokerage and consulting services that support placements and claims management. State and local governments procure under this code to protect board members, superintendents, and other elected or appointed officials against personal liability claims arising from their governance and administrative decisions. Issuing bodies soliciting under the code include school districts (which dominate recent activity), county governments, and transit authorities. The work spans three related service lines: (1) insurance brokerage and market placement—brokers evaluate risk, recommend coverage structures, negotiate with carriers, and manage renewals; (2) claims administration and third-party adjudication—TPAs process claims, conduct investigations, manage settlements, and coordinate with legal counsel; and (3) consulting on coverage design, risk assessment, and ongoing program management. Recent solicitations reflect school districts' emphasis on tailored coverage for board governance, employment practices, and special-education litigation risk, as well as county and transit-authority needs for comprehensive general and directors-and-officers liability programs.

Recent activity is concentrated in Georgia and Texas, with representatively dense solicitation from school districts across both states. Clarke County School District (Georgia) issued RFP #26-0504 for property and liability insurance renewal effective July 1, 2026, with market assignment by McNeary Consulting Services and proposal submissions due May 4, 2026. Stockton Unified School District (California) solicited legal counsel and advisory services via RFP262701 (due August 6, 2026) to establish a qualified pool of law firms—a governance-support function closely allied with D&O coverage. The Texas Education Agency issued RFP 701-26-008 for a statewide teacher liability insurance program (due February 25, 2026) covering classroom teachers, requiring proposers to design enrollment systems, manage claims, and provide criminal-defense and civil-rights coverage alongside standard liability protection. Manor Independent School District (Texas) sought primary insurance consulting services via RFP 26005RFP (due February 23, 2026) covering property, liability, and privacy-related coverage with a multi-year term and renewal options. Hall County, Georgia issued RFQ/P #47-009 for Medicare Advantage administration (due June 4, 2026)—a tangential health-benefits procurement outside the D&O scope but tagged to this code in source records. The code shows active procurement velocity among school districts with regular multi-year renewals and strong demand for independent consulting and brokerage expertise in governance-related risk management.