Insurance Broker Services 2024

Pinellas County, Florida is seeking a qualified property and casualty insurance broker through Request for Proposal #23-0864-RFP for comprehensive insurance services in 2024. The county aims to secure optimal insurance coverage and competitive premiums from the commercial insurance marketplace. The selected broker will be responsible for designing and implementing an insurance program, representing the county in negotiations with insurers, presenting annual policy quotes and options, providing insurance binders and policies, maintaining an insurance summary, responding to inquiries, and monitoring claims and market conditions. Evaluation of proposals will be based on qualifications and experience (350 points), approach (250 points), statement of work (150 points), and compensation (200 points). The proposal must be submitted electronically through the OpenGov procurement website by September 21, 2023, at 3:00 pm, with no site visits or pre-conference meetings associated with this solicitation. The county expects the broker to provide dedicated, knowledgeable personnel familiar with the unique needs of a coastal county and capable of handling diverse insurance risks including law enforcement liability, international liability, medical malpractice, aviation, marine, pollution, cyber-risk, and public officials liability.

The contract will have an initial term of 60 months from the effective date, with the option to extend for one additional 36-month term. While no specific set-aside designations or restrictions on respondent types were mentioned in the documentation, the current insurance broker is Arthur J. Gallagher Risk Management Services Inc., as evidenced by the 2019-2020 Schedule of Insurance. The existing insurance portfolio covers a wide range of policies including public entity excess liability, environmental liability, workers' compensation, commercial general liability, aviation insurance, marine insurance, cyber liability, property insurance, and public official bonds. Based on the previous fiscal year's insurance schedule, the total insurance premium package is substantial, with individual policy premiums ranging from $2 to over $3,000,000. The county's current insurance coverage includes policies from multiple underwriting companies such as Certain Underwriters at Lloyd's, Genesis Insurance Company, and Arch Insurance Company, with coverage limits ranging from $1,000,000 to $200,000,000 across different policy types.