Aviation Hull Protection and Indemnity Insurance

The State of Florida, Department of Management Services, is issuing an Invitation to Bid (ITB) for Aviation Hull Protection and Indemnity Insurance for the 2024-2025 policy period. The selected broker will be responsible for marketing, securing, and administering an insurance policy that provides coverage for aviation physical damage and liability, including hull, specialized equipment, bodily injury and property damage liability, and guest voluntary settlement, for specified state agencies such as the Department of Agriculture and Consumer Services, the Florida Fish and Wildlife Conservation Commission, the Department of Highway Safety and Motor Vehicles, and the Florida Department of Law Enforcement. Bidders must submit their bids, along with an insurer quotation and AM Best rating, by the deadline of August 15, 2024. The Department reserves the right to award the contract for any of the grouped policy periods, up to four years, and will consider the total cost for each period when determining the award. The selected broker must adhere to the fixed premium rates and deductibles listed in the Price Sheet.

The solicitation does not mention any set-asides or restrictions on the types of organizations that can respond, but it does encourage the involvement of woman-, veteran-, and minority-owned business enterprises. The current incumbent provider is the National Union Fire Insurance Company of Pittsburgh, PA, with a premium of $118,227 for the first year of the expiring policy. The solicitation does not specify a budget range or award value, but indicates the Department intends to make a single award to the lowest responsive and responsible bidder.