Final_RFB_758_2600000247_1_SO_FORM.PDF
PDF 386 KB Posted
- Attached to
- KREC Errors & Omissions Insurance Policy
- Solicitation number
- RFB-758-2600000247-1
- Issued by
- Kentucky
About this file
This is a Request for Bid (RFB) document issued by the Commonwealth of Kentucky for the procurement of an Errors & Omissions Insurance Policy for the Kentucky Real Estate Commission (KREC). The solicitation, numbered RFB 758 2600000247, was issued on December 8, 2025, with a closing date of December 29, 2025, at 1:30 PM. Vendors are required to submit a single comprehensive price that encompasses six mandatory coverages: primary residence coverage for the sale or listing of licensees' primary residences, environmental coverage with a minimum of $5,000 per claim and $10,000 aggregate, fair housing coverage with minimum limits of $10,000 per claim and aggregate, escrow account and earnest money coverage with $2,500 per claim and $5,000 aggregate limits, franchise grantor coverage for Real Estate Group as franchise grantors, and regulatory coverage with $2,500 per claim and $5,000 aggregate limits. Vendors are explicitly instructed not to break out unit costs for any specific coverage, and no additional points will be awarded for coverages beyond the mandatory requirements. The insurance policy will be delivered to and billed by the Kentucky Real Estate Commission at 500 Mero Street, 2nd Floor, Frankfort, Kentucky 40601.
Bidders must submit completed bid information with best pricing and must affirm that they have read and understood all terms and conditions outlined in Attachment A and any subsequent addenda by signing the face of the solicitation document. The Finance and Administration Cabinet reserves the right to deem any vendor ineligible if they fail to comply with the provisions set forth in the solicitation and its terms and conditions. Online bidding is permitted for this solicitation. For additional information, prospective vendors may contact Angie Johnson at 502-564-6194.
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Text version
Document ID: RFB 758 2600000247 Page: 1
Commonwealth of Kentucky
SOLICITATION
Modification: No Version #:
TITLE: KREC Errors & Omissions Insurance Policy
Date Issued:
12/08/2025 Record Date:
12/08/2025
Solicitation Closes Date:
12/29/2025 Time:
13:30
Solicitation No:
RFB 758 2600000247
Online Bidding Prohibited: No For Information Call:
Angie Johnson 502-564-6194
Bid Receiving Location:
Bid Receiving
See Terms & Conditions for Bid Submission Instructions
Other KY
Vendor Customer Number:
Vendor Name:
Phone Number:
Fax Number:
Email Address:
Ordering
Address:
City, State, Zip:
Contact Name:
Contact Email:
Contact Phone Number:
Payment
Address:
City, State, Zip:
Contact Name:
Contact Email:
Contact Phone Number:
Ownership Type
__ Sole Proprietorship __ Partnership __ Corporation __ Other_________________________
SIGNATURE OF AUTHORIZED AGENT IS REQUIRED UNLESS RESPONSE
IS SUBMITTED ELECTRONICALLY. FAILURE TO SIGN SHALL RENDER
THE BID INVALID.
Signature X_________________________________________ FEIN#____________________ Date____________
All offers subject to all terms and conditions contained in this solicitation.
Document ID: RFB 758 2600000247 Page: 2
Line Items
Commodity Group: Default Commodity Group
Line CL Description Quantity UOM Unit Cost Line Total or Contract Amnt
1 Errors & Omissions Insurance
Comm Code Comm Description Manufacturer Model # Manuf Part #
95861 Insurance and Risk Management Services
Extended Description VENDORS SHALL BID BY SUBMITTING ONE PRICE THAT INCLUDES THE MANDATORY SIX (6) COVERAGES LISTED BELOW (FOR
ADDITIONAL INFORMATION SEE ATTACHMENT A TERMS AND CONDITIONS.)
DO NOT BREAK OUT A UNIT COST FOR ANY SPECIFIC COVERAGE. NOTE: There will not be points awarded for additional coverage, which is in addition to the minimum coverage requirements.
PRIMARY RESIDENCE COVERAGE - Provides coverage for sale or listing of Licensee's primary residence through insured's broker.
ENVIRONMENTAL COVERAGE - Provides minimum coverage of $5,000 per claim, $10,000 aggregate coverage for environmental claims including molds, spores, and fungi. FAIR HOUSING COVERAGE - Provides minimum coverage of $10,000 per claim, $10,000 aggregate coverage for fair housing discrimination claims. ESCROW ACCOUNT/EARNEST MONEY COVERAGE - Provides minimum coverage of $2,500 per claim, $5,000 aggregate coverage for claims concerning escrow/earnest money accounts. FRANCHISE GRANTOR COVERAGE - Provides for coverage for Real Estate Group as Franchise Grantors. REGULATORY COVERAGE - Provides minimum coverage of $2,500 per claim, $5,000 aggregate coverage for regulatory complaints.
Shipping Information Kentucky Real Estate Commission
500 Mero Street, 2nd Floor
Frankfort KY 40601
Billing Information Kentucky Real Estate Commission
500 Mero Street, 2nd Floor
Frankfort KY 40601
Document ID: RFB 758 2600000247 Page: 3
Submission Checklist
The following items will be required to be submitted with bid:
Item Bid Information-Completed Best Price
See “Attachment A” for Terms and Conditions. The terms and conditions set out in “Attachment A”, and any subsequent addenda, are incorporated into and are a part of the Solicitation. By signing the face of the Solicitation document, the vendor affirms that they have read and understood the Solicitation and the terms and conditions (Attachment A) and any subsequent addenda. Should the vendor fail to comply with the provisions of the Solicitation and the terms and conditions (Attachment A) and any subsequent addenda, then the Finance and Administration Cabinet reserves the right and retains the ability to deem the vendor ineligible from further participation in the Solicitation in question.
Document Phase Document Description Page 4
2600000247 Final KREC Errors & Omissions Insurance Policy Total Pages: 4
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