Award
Coastal Carolina University 4400032567
Insurance brokerage services
Recipient
ARTHUR J. GALLAGHER RISK MANAGEMENT SERVICES, LLC
Award Amount
$1,613,422.00
Ceiling
$1,613,422.00
Awarded
July 01, 2022
Identifier
4400032567
The government buyer is Coastal Carolina University, a state agency in South Carolina. The awarded vendor is Arthur J Gallagher Risk Management Services Inc, located at 15 South Main Street, Suite 900, Greenville, SC 29602. The contract awarded is for insurance brokerage services, including Cyber Risk, Directors and Officers (D&O) and Employment Practices Liability Insurance (EPLI), and Commercial Crime insurance brokerage services. The contract includes three line items: (1) Cyber Risk insurance brokerage services with a total of $795,000 for the period from 9/15/2022 to 9/15/2027, (2) D&O and EPLI insurance brokerage services with a total of $756,522 for the period from 9/15/2023 to 9/15/2027, and (3) Commercial Crime insurance brokerage services with a total of $61,900 for the period from 2/1/2024 to 2/1/2030. The total potential contract value is $1,613,422. The maximum contract period is from July 1, 2022, through June 30, 2027. Notable contract requirements include that the contractor should not perform work or incur costs prior to the effective contract date and receipt of a purchase order. The contract is managed by the South Carolina Division of Procurement Services, MMO, located at 1201 Main Street, Suite 600, Columbia, SC 29201.
Description
Contract for insurance brokerage services for Coastal Carolina University.