Property Insurance

The City of McKinney, located in Collin County, Texas, is soliciting proposals for a comprehensive Property Insurance Coverage through RFP No. 26-22RFP, administered by Marsh & McLennan Agency, LLC. The procurement seeks an "All Risk" property insurance policy covering real and personal property, business income, and extra expenses for city-owned, leased, or controlled properties. Proposers must be licensed admitted carriers or legally established self-insurance pools in Texas, with a minimum one-year policy term effective January 1, 2026, and potential renewals for up to four additional one-year periods. The city requires comprehensive coverage including commercial property protection, earthquake and flood insurance, and time element coverage for business income. Evaluation criteria will be based on four key areas: Qualification and Experience (20 points), Coverage (20 points), Past Performance (20 points), and Cost Proposal (40 points). A virtual pre-submittal conference is scheduled for October 21, 2025, with proposal submissions due by November 6, 2025, at 2:00 PM CST.

The RFP does not explicitly outline specific set-aside designations or restrictions for disadvantaged enterprises. The city reserves the right to reject any proposals and is not obligated to award a contract, with final selection resting solely with the McKinney City Council. While specific budget ranges are not detailed in the provided documents, the proposal requires comprehensive property protection with a focus on extensive coverage parameters. The insurance program is structured as a layered approach to be administered by one lead insurer, suggesting potential for significant insurance market engagement. No incumbent vendors are specifically identified in the provided documentation. The city seeks a robust insurance solution that provides comprehensive protection for municipal assets, with flexibility for potential multi-year coverage and adaptability to the city's evolving property portfolio.