Property and Casualty Insurance

The Laredo Independent School District (LISD) in Texas is soliciting proposals for comprehensive property and casualty insurance coverage for the period of March 3, 2026 to March 3, 2027. The procurement seeks a vendor to provide extensive insurance services including property insurance with a total limit of $771,093,158, computer hardware coverage of $2,500,000, and additional coverage for flood, earth movement, business interruption, and pollution risks. Specific insurance requirements include general liability with $1,000,000 per occurrence limits, school professional liability, business automobile coverage, crime insurance, law enforcement liability, and an umbrella liability policy. Proposals must be submitted electronically through the Bonfire portal by December 16, 2025, at 2:30 p.m. Central Standard Time, with questions to be submitted by December 1, 2025, at 10:00 a.m. The evaluation committee will use a weighted scoring methodology allocating 55 points to purchase price, 10 points each to vendor reputation and service quality, 5 points to past vendor relationship, and 5 points to customer service.

The procurement does not specify explicit set-aside designations for disadvantaged enterprises, though the district shows preference for vendors with a principal place of business in Texas or those employing at least 500 persons in the state. The contract is structured as a one-year initial term with potential for two additional annual extensions, subject to Board approval. Vendors must submit three pricing sheets covering property, casualty, and combined costs, along with completed specification sheets, references, and signed state and federal certificates. While specific award value is not disclosed, the extensive coverage requirements suggest a significant contract value. Vendors must provide a Certificate of Liability Insurance (ACORD 25 form) within 10 days of award, with specific insurance requirements including $1,000,000 general liability, $5,000,000 umbrella excess liability, and statutory workers' compensation limits. The district reserves the right to reject any proposals, award to multiple vendors, or select the most advantageous combination of price, discount, and warranty.