Brokerage serv: d&o/EPL/CC/KRE insurance

South Carolina State University, through the Materials Management Office, is procuring comprehensive brokerage services for specialized insurance coverage, specifically targeting Directors and Officers (D&O) Liability, Employment Practices Liability (EPL), Commercial Crime, and Kidnap, Ransom, & Extortion (KRE) insurance. The procurement seeks a licensed and qualified insurance broker capable of managing these complex insurance products for the university, which has approximately 737 employees and 2,500 students. Required deliverables include policy placement, risk management consultation, and ongoing insurance program administration, with specific coverage limits of $2,000,000 for D&O, $1,000,000 for EPL, $1,000,000 for Commercial Crime, and $500,000 for KRE. The evaluation criteria will allocate 50 points to capability and approach, 30 points to references and experience, and 20 points to pricing, with carriers required to hold an A.M. Best rating of A or better. Key submission deadlines include questions due by August 15, 2019, at 12:00 P.M., proposal submissions due by September 10, 2019, at 11:00 A.M., and award notification scheduled for September 30, 2019.

The contract does not specify explicit set-aside designations or restrictions on responding organizations. The initial contract term is one year, with four potential one-year renewal options, creating a maximum potential contract period of five years starting October 10, 2019. The university prefers zero additional fees beyond insurance coverage costs and will require written agreement for any supplemental charges. Contractor compensation will be structured through commission percentages on placed insurance premiums, contingent on market conditions. While no specific incumbent vendor is directly identified, the solicitation indicates this is an inaugural policy line for certain coverage types, particularly D&O, EPL, and KRE. The procurement does not explicitly state a total contract value or budget range, instead focusing on a performance-based selection process that emphasizes broker qualifications, service capabilities, and competitive pricing structures for managing these specialized insurance programs.