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 contract is a Commodity code under which state and local governments procure specialized insurance brokerage and claims administration services covering liability, property, workers' compensation, and aviation exposures. The work being solicited is not traditional directors and officers liability coverage but rather the full spectrum of risk management and insurance placement services that public entities need to protect assets, employees, and operations—encompassing policy design, carrier selection, claims triage and administration, risk advisory, and compliance support. Issuing bodies span state agencies (the Texas Education Agency), school districts (Polk County Public Schools in Florida, Stockton Unified School District in California), counties (Montgomery County, Pennsylvania; Hall County, Georgia; Polk County, Florida), cities (Detroit, Louisville, Tucson), transit authorities, and special-purpose entities (the University System of Georgia Board of Regents). Repeat buyers include Louisville/Jefferson County Metro Government's Risk Management Division, which has posted two concurrent aviation insurance solicitations—one for helicopter operations supporting the Metro Police Department Air Patrol Unit and a second for unmanned aerial systems covering emergency response, fire assessment, law enforcement, infrastructure inspection, and disaster support across multiple agencies—and the City of Detroit, which periodically seeks comprehensive brokerage services managing the city's entire insurance portfolio.

Recent activity concentrates in Florida, Georgia, Pennsylvania, California, and Kentucky, with secondary activity in Michigan, Arizona, and Texas. Representative solicitations include Louisville/Jefferson County Metro Government's RFP 270077 and RFP 270078 (aviation insurance for manned and unmanned aircraft, proposals due October 30, 2026); the City of Detroit's RFP 550591 (insurance brokerage services including property, excess liability, crime, fine arts, aircraft, cyber, and specialized coverages, proposals due October 16, 2026, with Detroit equalization credits up to 10 points available); Montgomery County, Pennsylvania's Solicitation 2658 (commercial insurance broker and risk management services including Owner-Controlled Insurance Program support, proposals due October 27, 2026); Polk County Public Schools' ITN 039-DW-0826 (third-party claim administration for auto liability, property, general liability, professional liability, and workers' compensation, with Cannon Cochran Management Services recommended for a three-year term September 1, 2026 through August 31, 2029); and the Texas Education Agency's RFP 701-26-008 (teacher liability insurance program design and administration, proposals due February 25, 2026, structured on a cost-per-participant model with tiered pricing and HUB subcontracting plan requirements).