UNSPSC 84131514: Fidelity guarantee insurance

UNSPSC 84131514 Fidelity guarantee insurance is a Commodity code covering crime and employee-dishonesty insurance products purchased by state and local public bodies to protect against employee theft, fraud, forgery, and related losses. State and local governments buy this coverage through brokers to insure their employees, cash handling, and financial assets; the scope includes inside and outside premises theft and robbery, computer fraud, funds transfer fraud, and money and securities coverage. Issuing bodies are primarily state purchasing departments and tribal governments. The Florida Department of Management Services and the Confederated Tribes of Coos, Lower Umpqua and Siuslaw Indians (CTCLUSI) are both active in the market, with Florida seeking single master-policy placement across over 50 state agencies, courts, and universities, and CTCLUSI establishing a nonexclusive Contractor Surety Bonding Resource List to support construction projects.

Recent activity is concentrated in the Southeast and Pacific Northwest. The Florida Department of Management Services issued an ITB (ITB No. 27-84131514) due November 10, 2026, seeking an insurance broker with current Florida licensure and ten years of government crime insurance experience to place a master policy effective January 1, 2027, covering employee theft, fraud, inside and outside premises theft and robbery, and related exposures across 95,753 employees with historical annual spending of $149,255. CTCLUSI posted an RFQ (SX0600100018031) due October 30, 2026, requesting surety bond agencies and brokers to populate a resource list capable of supporting bid, payment, performance, and maintenance bonds for Tribal construction and public works projects, with particular emphasis on experience serving Tribal governments, federally funded projects, and small or minority-owned contractors. Both solicitations require demonstrated vendor capacity, proof of financial responsibility or insurance, and references verifiable through SAM.gov or other means.