Multmedia insurance policy

The State of South Carolina, through the State Fiscal Accountability Authority's Office of State Procurement, is soliciting bids on behalf of the South Carolina Education Television Commission (SCETV) for a comprehensive Multimedia Insurance Policy. The procurement seeks a five-year insurance policy with an aggregate limit of $3,000,000, covering educational programming, member publications, teleconferences, video conferences, and programming distributed through radio and television stations. Specific insurance requirements include A.M. Best ratings of no less than A:VII, with additional information security and privacy risk coverage of $5,000,000 per occurrence and $10,000,000 aggregate. Bidders must provide specific endorsements for cancellation, non-renewal, and additional insured status for specified entities. The solicitation is an Invitation for Bid with key deadlines including November 6, 2023, for question submissions, and November 29, 2023, at 11:00 AM as the bid submission deadline. Award notification is anticipated on December 5, 2023, with the contract term estimated to begin December 12, 2023, and end December 4, 2028, comprising an initial one-year term with four potential one-year renewals.

The procurement allows for South Carolina resident contractor and subcontractor preferences for qualifying vendors. Bidders must submit comprehensive documentation including signed cover pages, amendment acknowledgments, a Service Provider Security Assessment Questionnaire, and minority business participation information. Notably, government information must not be processed, stored, or accessed outside the continental United States. The contract will be awarded to the lowest responsible and responsive bidder, with evaluation criteria focusing on meeting technical specifications, insurance ratings, and coverage limits. While no specific budget range is explicitly stated, the comprehensive insurance requirements suggest a significant but competitive procurement opportunity. The solicitation covers SCETV's diverse media platforms, including television shows like Making It Grow, This Week in South Carolina, From The Sky, After Action, In Debted, SC Lede, and By The River, indicating a need for robust multimedia insurance protection across various content delivery channels.