Final_RFB_758_2600000247_1_SO_FORM.PDF
PDF 386 KB Posted
- Attached to
- KREC Errors & Omissions Insurance Policy
- Solicitation number
- RFB-758-2600000247-2
- Issued by
- Elliott County, Kentucky
About this file
This is a Request for Bids (RFB) issued by the Commonwealth of Kentucky, Finance and Administration Cabinet, for Errors & Omissions Insurance coverage for the Kentucky Real Estate Commission (KREC). The solicitation seeks a single comprehensive insurance policy that includes six mandatory coverages: Primary Residence Coverage, Environmental Coverage (minimum $5,000 per claim/$10,000 aggregate), Fair Housing Coverage (minimum $10,000 per claim/$10,000 aggregate), Escrow Account/Earnest Money Coverage (minimum $2,500 per claim/$5,000 aggregate), Franchise Grantor Coverage, and Regulatory Coverage (minimum $2,500 per claim/$5,000 aggregate). Vendors must submit one all-inclusive price covering all six mandatory coverages without breaking out individual unit costs. The solicitation was issued on December 8, 2025, with bids due by December 29, 2025, at 1:30 p.m. The insurance policy will be shipped to and billed to the Kentucky Real Estate Commission at 500 Mero Street, 2nd Floor, Frankfort, Kentucky 40601. For additional information, interested parties should contact Angie Johnson at 502-564-6194.
Vendors are required to submit completed bid information demonstrating the best price for the comprehensive insurance coverage. Online bidding is permitted for this solicitation. The submission checklist requires vendors to include bid information with their best price and to review Attachment A, which contains the complete terms and conditions. Vendors who sign the solicitation document affirm their understanding of all terms and conditions and any subsequent addenda. The Finance and Administration Cabinet reserves the right to deem vendors ineligible if they fail to comply with the solicitation provisions. No points will be awarded for additional coverages beyond the six mandatory requirements specified.
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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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