KDVA Directors & Officers Liability Insurance

The Commonwealth of Kentucky, through its Finance and Administration Cabinet, is seeking bids for Directors & Officers Liability Insurance for the Kentucky Department of Veterans Affairs (KDVA) and its associated Kentucky Veterans Centers. The requested insurance coverage must be on a claims-made basis with a $2 million limit per claim and in the aggregate, and no deductible for either directors & officers claims or employment practices violations. The initial contract period is one year, beginning March 31, 2023, with four optional one-year renewal periods. Bids are due by February 16, 2023 at 1:30 PM ET and will be evaluated solely on price, with the lowest responsive and responsible bid receiving the award. Bidders must comply with all applicable laws and regulations, including minimum AM Best rating and required endorsements, and provide supporting documentation such as a Certificate of Authority. The Commonwealth may add similar items to the contract during the term with vendor consent.

The procurement is open to all qualified bidders, with preferences applied for Kentucky resident bidders and qualified nonprofits. No set-asides or restrictions on business types are mentioned. The incumbent vendor is not specified, and the procurement documents do not include any details on current contract values, budget ranges, or funding sources. The Commonwealth reserves the right to deem a vendor ineligible for further participation if they fail to comply with the solicitation provisions and terms and conditions.