Award
Coastal Carolina University 5400022465 (CCU-9300434)
Insurance brokerage services, including purchase, for cyber risk, D&O, EPLI and commercial crime
Recipient
Arthur J Gallagher Risk Management Services
Award Amount
$1,613,422.00
Ceiling
$1,613,422.00
Awarded
July 01, 2022
Identifier
5400022465 (CCU-9300434)
The award is a contract for insurance brokerage services, including purchase services for cyber risk, Directors and Officers (D&O), Employment Practices Liability Insurance (EPLI), and commercial crime, awarded to Arthur J Gallagher Risk Management Services. The contract is managed by Coastal Carolina University, part of the State of South Carolina's procurement system. The total potential value of the contract is approximately $1.61 million, with specific line items for each insurance type and their respective periods of performance. The contract includes notable provisions such as no work prior to receipt of a purchase order and specific protest rights. The awarded services include brokerage for cyber risk, D&O and EPLI, and commercial crime, with no specific part numbers or quantities provided.
Description
Insurance brokerage services, including purchase, for cyber risk, D&O, EPLI and commercial crime awarded to Arthur J Gallagher Risk Management Services. The contract period is from July 01, 2022, through June 30, 2027, with a total potential value of $1,613,422.00. The award includes three items: Cyber Risk insurance brokerage services ($795,000 for 9/15/2022-9/15/2027), D&O and EPLI insurance brokerage services ($756,522 for 9/15/2023-9/15/2027), and Commercial Crime insurance brokerage services ($61,900 for 2/1/2024-2/1/2030).