UNSPSC 84131507: Business interruption insurance

UNSPSC 84131507 Business interruption insurance is a Commodity-level code that encompasses insurance brokerage and risk management consulting services for property, casualty, liability, and workers' compensation coverage—not business interruption policies themselves. State and local governments purchasing under this code are securing professional intermediary services to evaluate, place, and administer their multi-line insurance programs rather than purchasing insurance products directly. Recent solicitations show school districts, counties, cities, transit authorities, and special-purpose public entities (workforce development organizations, state universities, public risk pools, toll authorities) issuing RFPs and RFQs for agents of record, insurance brokers, and consulting firms to manage complex insurance portfolios spanning property, general liability, workers' compensation, cyber, crime, excess coverage, and specialized lines. Issuing bodies include Hillsborough County Board of County Commissioners (Florida), Cooperative Insurance Services (Oregon), Burke County Board of Commissioners (Georgia), Union County Board of Education (Georgia), the Illinois State Toll Highway Authority, Clarke County School District (Georgia), Redmond School District 02J (Oregon), Manor Independent School District (Texas), the City of Lubbock (Texas), the City of Daytona Beach (Florida), the City of McKinney (Texas), and the County of Los Angeles Treasurer and Tax Collector, with repeat procurement activity concentrated in Georgia school districts and Texas municipalities.

Recent opportunities reflect significant geographic spread across the South, Pacific Northwest, and Texas. Hillsborough County's RFP2600292 (due July 24, 2026) sought five-year insurance consulting and brokerage services with an estimated value of $1,000,000 and a five-point SBE bonus available for contractors committing to at least 10 percent subcontracting; the County manages approximately $2.6 billion in total insured values. Cooperative Insurance Services (Oregon) posted RFP SX2412900017232 (due July 13, 2026) for enterprise risk management and capital modeling services across property, liability, and workers' compensation programs. The City of McKinney's RFP 2669RFP (due July 30, 2026) sought subrogation recovery services to maximize recovery on third-party claims. Burke County Board of Commissioners (Georgia) issued RFP PE61700NONST2026000000074 (due July 8, 2026) for a full-service property and casualty broker of record managing approximately 50 building locations and 292 vehicles. The University System of Georgia Board of Regents issued RFP 47200ERFP0000017462026 (due June 5, 2026) for public private venture insurance brokerage services for a portfolio exceeding $3.5 billion in property values. The City of Daytona Beach's RFP 2619RFP (due March 12, 2026) sought property and casualty insurance brokerage services on a guaranteed fee basis with total insurable values exceeding $375 million and annual premiums around $3.156 million across all policies. Clarke County School District (Georgia) engaged McNeary Consulting Services to conduct RFP 26-0504 with market assignments to multiple brokers and final proposals due May 4, 2026 for a five-year term. The Illinois State Toll Highway Authority issued a Notice of Award on March 20, 2026 to Aon Risk Services Central, Inc. for property insurance covering assets exceeding $4 billion, valued at $2,111,853.72 for fiscal year 2026–27. Contracts typically span one to five years with renewal options; evaluation criteria emphasize consultant or broker experience (20–50 points), organizational qualifications and staff accreditations (15–30 points), service capability and responsiveness (15–30 points), and pricing (10–30 points). Proposers routinely face requirements for Florida, Georgia, or Oregon insurance licenses, demonstrated public-sector experience, professional certifications (CPCU, AAI, CIC, ARM), commercial general liability of $1,000,000 to $2,000,000 per occurrence, and professional liability coverage. Compensation is structured as flat annual fees, commission-based arrangements, or hybrid models with caps and ceilings; contingent commissions and profit-sharing are often prohibited for property and casualty lines.